I have no idea what you're talking about.
Growth occurs due to a number of reasons, including:
1) Capital deepening
2) Growth of labour force
3) Decline in unemployment
4) Increase in number of hours worked
5) Increase in "quality" of workforce (e.g. education, experience)
6) Multifactor productivity gains
There is nothing that tells me that the sum of all these HAS to be > 0 or else catastrophe occurs.
Things are better with growth BECAUSE THERE IS GROWTH (we make more stuff than we did before).
Stable capitalist societies have this far delivered growth most of the time. Thank God. There's nothing that says that they have to constantly do so. Or that a steady state capitalist society is impossible. Growth is delivered due to CIRCUMSTANCES, not by external design as a prerequisite for capitalism.
Growth occurs due to a number of reasons, including:
1) Capital deepening
2) Growth of labour force
3) Decline in unemployment
4) Increase in number of hours worked
5) Increase in "quality" of workforce (e.g. education, experience)
6) Multifactor productivity gains
There is nothing that tells me that the sum of all these HAS to be > 0 or else catastrophe occurs.
Things are better with growth BECAUSE THERE IS GROWTH (we make more stuff than we did before).
Stable capitalist societies have this far delivered growth most of the time. Thank God. There's nothing that says that they have to constantly do so. Or that a steady state capitalist society is impossible. Growth is delivered due to CIRCUMSTANCES, not by external design as a prerequisite for capitalism.
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