Re: The joy of actual numbers, was Democracy

The Natural Philosopher <tnp@invalid.invalid> wrote:

On 29/10/2024 15:18, Scott Lurndal wrote:

Which attempts fundmentally can be attributed to modern capitalist
theory that requires constant growth.   Without new consumers,
how can the economy expand?
 
Is it time for a steady-state economy?
 

The problem is that most modern economies have a social care and debt
Ponzi scheme, that relies on more people earning more money to pay for it.
 
Stop the new people and the scheme collapses.
 

https://steadystate.org/discover/definition-of-steady-state-economy/

 
Well it will have to come eventually, but the transition will be painful
 
 

Productivity keeps increasing. You shouldn’t need more people when you can
fund it out of the change that falls into the couch cushions. 

--
Pete