Capitalism isn’t infallible. Externalities to capitalism are well-understood.
The problem is that the particular criticism being leveled there is nonsensical. We don’t live within a finite system. New avenues of growth are constantly appearing, in both “typical” production methods and, most especially, service sector.
The idea that capitalism even requires infinite “growth” is problematic because “growth” is indefinable in the way this criticism is being leveled.
To add on, this criticism is generally leveled by “de-growth” elements of socialists/communists, who also cannot explain why those systems don’t also require “growth” to provide for increasing numbers of people or how “growth” can be offset aside from simply not providing enough resources for people, which has unpleasant undertones.
Capitalism isn’t infallible. Externalities to capitalism are well-understood.
The problem is that the particular criticism being leveled there is nonsensical. We don’t live within a finite system. New avenues of growth are constantly appearing, in both “typical” production methods and, most especially, service sector.
The idea that capitalism even requires infinite “growth” is problematic because “growth” is indefinable in the way this criticism is being leveled.
To add on, this criticism is generally leveled by “de-growth” elements of socialists/communists, who also cannot explain why those systems don’t also require “growth” to provide for increasing numbers of people or how “growth” can be offset aside from simply not providing enough resources for people, which has unpleasant undertones.