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2024-01-23 16:08:24

Kyle Montanio on Nostr: Why are we so addicted to #growth? Is growth a necessary feature (or flaw) of ...

Why are we so addicted to #growth? Is growth a necessary feature (or flaw) of #capitalism?

In short, yes. One of the causes is our financial system that promotes and depends on increasing growth. Without growth, how can we pay off the ever-rising debt that even the wealthiest, most prosperius countries keep piling on?

We need to design systems (political, economic, etc.) to break this reliance, this addiction to growth.

https://www.axios.com/2024/01/22/us-national-debt-gdp

#Degrowth #economics
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