Capitalisms’ unsustainable model of infinite growth requires something like imperialism to keep going, and even if you could point out alternative venues for capital acquisition, it’s still what people in power want, since it gives them more than just fuel for capitalism, but also more power. Countries and companies that do not rely on imperialism directly, most often rely in others that do. While it’s not entirely futile to discuss whenever that has to be the case in theorethical capitalist solution, it is the case in one we’re living under, and since it’s the ruling class of hyper-wealthy that make decisions about the worlds future and current state of affairs is result of those decisions, it is the system we have to deal with. Unless, you know, we bring out the guilottines and start over, but I don’t see much point in retrying capitalism to see if it won’t lead us down on the path to facism again.
BoredPanda@sh.itjust.works 3 months ago
I guess we have to disagree. Growth is an inherently good thing in my view, and I don’t based that on capitalistic ideology. Without growth, the metaphorical pie is finite. What does this mean? It means there is some distribution of this pie, however equal or unequal. Now on one side you will have people like you trying to make the distribution more equal. On the other side you will have war lords, dictators, and power hungry individuals trying to grab more of the pie for themselves. All of you will have to resort to violence to make that happen.
And the magic of economic growth is that you can enrich the world without having to physically fight other people to steal their shit.
The bottom line is, we would have even more imperialism if we did not have economic growth.
bloodfart@lemmy.ml 3 months ago
Where does that growth come from?
cecinestpasunbot@lemmy.ml 3 months ago
Growth isn’t a problem when it’s sustainable. However, there are natural limits to how far and how fast technological development and resource extraction will allow us to grow the economy.
Additionally, competition within capitalism forces the wealthy to seek out any and all means of growth. If they do not they actually risk all of their wealth becoming devalued. This drives innovation but it also is the driver of imperialism, exploitation, environmental degradation, all of which grow the economy.
When growth because less attainable due to various natural constrains, the wealthy start to cannibalize the systems that keep society stable. Again, they can’t help themselves. If they don’t their class position is threatened as some other capital owner beats them to the limited profits that come from privatization and austerity.
This usually results in mass unrest across all the various classes in society. That includes some of the middle classes who also rely on exploitation to maintain their standard of living. In response to threat of social unrest, the wealthy usually align themselves with right wing authoritarians that claim to be able to bring order to the chaos and renew growth through imperial expansion. This kind of politics is often supported by some of the downwardly mobile middle classes. That’s how we get fascism.