|
|
|
|
|
by vkou
220 days ago
|
|
> No-growth society: only way to acquire wealth is to take it from someone else Wealth is created by work. In any society, be it growth or no-growth, you can create and acquire wealth by working. (Not necessarily for a wage. Working for yourself also creates wealth. Every time you make yourself dinner, or patch a torn pant leg, or change your car's oil, you are creating wealth.) The problem is that non-working parasites (investors, rent-seekers, warlords) can't acquire wealth in a no-growth society without taking it from someone else.[1] (Because in a no-growth society, investing on the net is ~zero-returns, ~zero-value.) ------ [1] They take it from someone else in a growth society, too, but a person who works and loses half their productive surplus to a rent seeker is still getting the benefits of growth. In a no-growth society, the rent-seeker's gain is 100% someone else's net loss. |
|