This is a popular take that is just completely wrong. Capitalism as a system does not require growth. Capitalism is a system in which the factors of production are owned by private parties and can be freely traded. The capitalists believe is that markets will allocate those factors of production to the owners that can best exploit them. This can result in growth, but it isn’t necessary for the system to function.
There are literally a thousand issues with the system ranging from inequality to environmental concerns to market concentration (all of which capitalists tend to ignore). I really do not understand why people pick this one to quibble over.
Because shareholders demand almost always increasing growth despite the factual impossibility to provide that. The gaming sector is a good showcase where trust, release quality & creativity and monetization practices continually degrade the overall experience until the company starts to sink in its entirety. Ubisoft comes to mind. I have been burned so bad by them, started to refuse their products and certainly I seem to not be the only person.
This is a popular take that is just completely wrong. Capitalism as a system does not require growth. Capitalism is a system in which the factors of production are owned by private parties and can be freely traded. The capitalists believe is that markets will allocate those factors of production to the owners that can best exploit them. This can result in growth, but it isn’t necessary for the system to function.
There are literally a thousand issues with the system ranging from inequality to environmental concerns to market concentration (all of which capitalists tend to ignore). I really do not understand why people pick this one to quibble over.
Because shareholders demand almost always increasing growth despite the factual impossibility to provide that. The gaming sector is a good showcase where trust, release quality & creativity and monetization practices continually degrade the overall experience until the company starts to sink in its entirety. Ubisoft comes to mind. I have been burned so bad by them, started to refuse their products and certainly I seem to not be the only person.
Adding to this, “limitless” growth just refers to the idea that it’s very hard to reach all limits in our present universe.
I agree that there are more important problems with capitalism than if we’ve reached a limit or not.
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