Hacker News new | ask | show | jobs
by kortilla 2000 days ago
GDP doesn’t mean growth. A country going through an economic contraction still has a massive GDP. There are no IMF policies that favor growth rates, just the raw GDP.

> It's beyond silly to claim that capitalism doesn't require endless growth.

Capitalism requires no such thing. It’s human reproduction and striving for better conditions that requires economic expansion. That doesn’t change under socialism/communism/whatever.

Finally, GDP growth does not imply anything about carbon production. Some of the biggest growth sectors going forward are entirely about clean energy.

1 comments

I said GDP and GDP growth, and if two countries are competing on GDP, the mechanism by which they compete is growth.

I know you've seen my book recommendation in the thread here; it's about the incentives behind growth, and how de-growth can work and still encourage human flourishing. Rather than just reacting negatively, why not look it up?

tl,dr; You may have a really good idea, but your presentation is distracting people from the idea.

I think you are incorrectly characterizing capitalism, and people are off-put by the inaccuracy and it's implication that property must be taken from people. Capitalism is simple: it is an economic system where the means of production are owned and controlled by private citizens and operated for profit (the definition of profit is not always making lots of money). Nothing more, nothing less. A lot of the startup and tech economy is based squarely on private ownership of the means of production (i.e. companies). GDP and the focus on GDP growth is somewhat exclusive of whatever ism your country's economy is based on.