capitalism and eternal growth

[t_host1]

perhaps the capitalists here can answer this question, I've never seen it properly answered, or answered at all, for that matter.  capitalism needs growth in order to survive.  this shouldn't be controversial.  from recall about 2% growth is needed to stave off deflation, job loss, and the other nasty stuff.  

yet the Earth is finite, and here we run into a problem, a 'contradiction'.  unless the esteemed capitalist innovation can overcome the first law of thermodynamics, or locate other Earth-like planets to transport people to and extract resources from, we eventually hit a wall of sorts.  the use of nature as an infinite source of raw material and dumping ground for externalized costs is necessarily finite.

when exactly this needs to be addressed could constitute a different conversation, which we can leave off for the time being.

...in order to survive, capitalism will grow; this is instinctively natural. Is this what your looking to define, redefine or ignore?

[t_host1]

Two problems in a shrinking economy:

- deflation - basically messing up the whole system and leading to a negative growth spiral.

- lack of jobs giving fewer and fewer people access to the market leading to increased pressure for either government allocation of resources or a new distribution of the means of production.
 

Now, as a homework assignment: try figuring out what is the relationship between growth, deflation, and jobs.

What is the noun’s placed in the human senses that are in competition to capitalize on each other?

[t_host1]

Two problems in a shrinking economy:

- deflation - basically messing up the whole system and leading to a negative growth spiral.

- lack of jobs giving fewer and fewer people access to the market leading to increased pressure for either government allocation of resources or a new distribution of the means of production.
 

Now, as a homework assignment: try figuring out what is the relationship between growth, deflation, and jobs.

What is the noun’s placed in the human senses that are in competition to capitalize on each other?

This thread is already a trainwreck, there is no point in dragging old post out and asking silly questions.

Oh… well --- a realization that pseudo and voodoo rhyme, took me back to the Reagan /Bush voodoo math times  ‘humm …now I’m thinking this all needs more exploring! 

Actually, this is a good distraction as any from things I’m supposed to be doing.

[t_host1]

oh no, this might fit (help) the premise here,

Take a bow, capitalism.

This story was talked about on that Big Wing Radio thing.

http://www.economist.com/news/leaders/21578665-nearly-1-billion-people-have-been-taken-out-extreme-poverty-20-years-world-should-aim