So making money in the stock market only works if the pie keeps on expanding? I think that’s a way to take advantage of the fact that our economy is expanding, but I don’t think that’s the definition of capitalism.

[–] Cosmicomical@lemmy.world 1 points 4 months ago (1 children)

Your original point was that the pie doesn't need to keep expanding, so you have been disproved I would say. Saying that the economy need to keep expanding is the same as saying the economy is based on infinite growth. If it stops expanding the stocks are not profitable anymore and the shareholders are going to vote to replace CEOs, so the CEOs have an incentive to make he companies grow at any cost.

[–] intensely_human@lemm.ee 1 points 4 months ago (1 children)

You explained how one business relies on growth, in order to enrich its stockholders.

That is not the same as saying how the entire economy needs to expand.

Also it doesn’t differentiate it from anything else, since literally everything (I’m using the word phenomenon in its most literal form here — feel free to challenge me on any phenomenon) must grow or cease existing.

[–] 5wim@slrpnk.net 1 points 4 months ago

Have you taken a critical look at why you feel so compelled to defend capitalism? I'm honestly curious, because unless you're trolling for lols (which would also be sad), it's similar to excuses from a victim in an abusive relationship; you are a victim of capitalism and are apologizing for it.

Economists and politicians generally believe that we need to keep the global economy growing by around 3 percent annually

Why capitalism is obsessed with growth