You are reading a single comment by @Adhiero and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
skydancer
@Adhiero
Has there been a modern economy where this didn’t happen?
The ‘free market’ as an ideal, natural balance that can only be constrained (and by extension damaged) by government intervention seems to be an ideological construct seeking to justify an economic agenda (maybe we can blame the neo-libs for this). I’ll go out on a limb and say that this flavour of capitalism isn’t ‘the one true capitalism’ (TM), and in fact there isn’t such a thing. Neo-libs might have us think otherwise, but they’ve been stacking the deck in their own favour for several decades now, using those same powers of the State that they decry as interventionist. We could flip the script and instate a new, less rapacious capitalism, but damn if I or anyone seems to know how.
Growth relies on selling more stuff, creating demand through marketing, using up scarce resources.<
You make a good point. Without meaning to go off on a tangent, it reminds me of the Malthusian theory (of populations growing to match and exceed any increase in food production), but the Malthusian theory didn’t play out when US or European food production far outpaced their population growth. Maybe they haven’t caught up yet? Or maybe folks don’t have as many kids nowadays because they think it could be detrimental to their lives beyond a certain number, and maybe that could happen with material growth as well. Doubt that could happen in our current world though.
🥃 does it need to be past 5 o’clock anymore?