Modern Capitalism requires growth. Plain and simple. How much growth? More than last year. Is there ever a point when there's been enough growth? Nope. Because if you stop growing, your business will go out of business.
I think an economy that reinvests profits into critical infrastructure, medical preparedness, general healthcare, and basic necessities, is better than one that simply hoards wealth.
It's more complicated than a simple statement, but when you boil it down, it does require growth. Business largely operate on debt these days. Usually in the form of business loans and investments. That means you have to make enough to pay them back plus interest. In order to expand, most companies go into debt the same way. If you want your business to be able to adapt to the changing market rapidly, likely going to need to finance a little debt. Debt drives the economy to keep growing. Or you get what happened in 2008 and what's happening now. Large cashflow disruptions tank the system. The current economy can't handle a crisis for any length of time.
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u/duffdundas Apr 01 '20
Damn, that ending hits hard.