Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
  • really great diary.

  • is your explanation of why capitalism requires growth, which i think is expressed in the paragraph --

Capitalism is a system of finance... A part of this year's profits are plowed back into the firm for expansion, or the promise of future growth is used as way to attract further investment.

-- is that a "standard"/"conventional" explanation for the claim that capitalism requires growth?  (e.g. is it something that is taught in economics classes or textbooks?)  if so, does does this interpretation/explanation have a name?

  • i hope i am not misrecalling, but i believe someone here once wrote, a long time ago, that growth in itself is not the problem, but rather the increasingly unsustainable consumption of resources that historically accompanies growth (not to mention other, albeit non-intrinsic and/or irreparable, side-effects of growth such as pollution and socioeconomic inequality.)  is it conceivable that economic growth can be made sustainable if growth with a sustainable consumption of resources is made possible?*

  • There are no capitalist enterprises that are run democratically, even in the western democracies.

are for-profit cooperatives "run democratically"?  can they be considered a form of "capitalist enterprises"?

* i know -- and agree with, as far as I can understand it -- ChrisCook's position why capitalistic growth is not sustainable because it is based on debt-based money, which ultimately is itself not sustainable, but i am putting that issue aside for now.

Cynicism is intellectual treason.

by marco on Fri Aug 8th, 2008 at 01:12:25 AM EST
See also Sven Triloquist's most recent diary.

Should the kind of innovation described by Chris and Sven occur in many industries the results could be transforming.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Aug 8th, 2008 at 07:55:38 PM EST
[ Parent ]


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