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**N1bNXuDb** · 04-27-2009, 01:50 AM

What? Are you denying that all capitalist societies have one common goal, and that this goal is economic growth at any cost? You do know that in capitalistic societies, any investment needs to be profitable, right ? At least as profitable as the basic interst rate is (Liquidity trap). Right now it´s about zero, but that is certainly an exception (unfortunately). 2% is actually a rather conservative estimated average for 50 years. We simply do not have the option of a ´steady state´ economy as things are right now. But in the long run, growth has to stop. I mean, how absurd and anti-conventional this may sound, just shows, how much we already have taken it for granted, that our econmies have to grow all the time.

(Dont expect any answer from me anymore, today, as it is 1am here, and i will hit the sack now).

04-27-2009, 01:50 AM	#6
N1bNXuDb Join Date Oct 2005 Posts 538 Senior Member	What? Are you denying that all capitalist societies have one common goal, and that this goal is economic growth at any cost? You do know that in capitalistic societies, any investment needs to be profitable, right ? At least as profitable as the basic interst rate is (Liquidity trap). Right now it´s about zero, but that is certainly an exception (unfortunately). 2% is actually a rather conservative estimated average for 50 years. We simply do not have the option of a ´steady state´ economy as things are right now. But in the long run, growth has to stop. I mean, how absurd and anti-conventional this may sound, just shows, how much we already have taken it for granted, that our econmies have to grow all the time. (Dont expect any answer from me anymore, today, as it is 1am here, and i will hit the sack now).
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