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**GogaMegaPis** · 04-27-2009, 03:47 PM

a) Of course, the classical theory splits profits, after they have been attained, into to-be-reinvested capital and consumption. That is such basic book-lore, that even i do not really disagree with that. So, the $20B profit run by the major oil-companies yearly - how much of that goes into consumption? Just one example. We have just witnessed, how desperate need for reinvestment had a financial bubble grow which just burst.

b) Capitalism has an issue with zero-growth, because for every investment, there is interest to pay. You dont really believe, that the majority economy runs on every corps own capital, do you? So if the economy does not grow, the interest can not be paid -> crisis. Cut down of costs -> firing people... you know recession basically. Give me one example of a capitalist economy running on zero-growth over a prolonged period of time.

c) ´because the people want it to grow´ - read the article above, about the ´want for growth´. I really dont have much to add to that, since i put it out here on poly multiple times, in my own words. People want more stuff, cause their are frequently bombarded with ads, that tell them so. I did quote passage from the article, that points out that the ever increasing volume of marketing just reflects the need for constant growth.

BTW your condescending mockery is dispicable. Either your tone changes drastically, or i wont discuss with you at all anymore.

(post #18 has been reported)

04-27-2009, 03:47 PM	#11
GogaMegaPis Join Date Oct 2005 Posts 462 Senior Member	a) Of course, the classical theory splits profits, after they have been attained, into to-be-reinvested capital and consumption. That is such basic book-lore, that even i do not really disagree with that. So, the $20B profit run by the major oil-companies yearly - how much of that goes into consumption? Just one example. We have just witnessed, how desperate need for reinvestment had a financial bubble grow which just burst. b) Capitalism has an issue with zero-growth, because for every investment, there is interest to pay. You dont really believe, that the majority economy runs on every corps own capital, do you? So if the economy does not grow, the interest can not be paid -> crisis. Cut down of costs -> firing people... you know recession basically. Give me one example of a capitalist economy running on zero-growth over a prolonged period of time. c) ´because the people want it to grow´ - read the article above, about the ´want for growth´. I really dont have much to add to that, since i put it out here on poly multiple times, in my own words. People want more stuff, cause their are frequently bombarded with ads, that tell them so. I did quote passage from the article, that points out that the ever increasing volume of marketing just reflects the need for constant growth. BTW your condescending mockery is dispicable. Either your tone changes drastically, or i wont discuss with you at all anymore. (post #18 has been reported)
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