Freemason9
Gold Member
- Aug 14, 2012
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No, capitalism does not require infinite sustained growth. That's the consumer corporatism we have you're confusing with capitalism. Captialism requires a sound monetary system and money, the private means of production and a free market of competition. There are still going to be down turns and bad investments in true capitalism. Human action isn't perfect.
Of course it requires infinite sustained growth. That is what defines capitalism. Without economic growth, there is no profitability in investments. That's all that drives capitalism.