Re:Is Productivity Growth Becoming Irrelevant?
by jjoonathan on Sunday July 23, 2017 @05:36PM
(#14834531)
Oh no, you said his name, and like clockwork my precious upvotes have started to turn to downvotes :-)
We agree, though. Capitalism is really, really good at growth and really, really bad at steady-state. We've never really come up with a good alternative for steady-state. I think Marx got the diagnosis right and the treatment wrong, which seems like a pretty modest hypothesis given the relative difficulty of the two. Regardless, we had better figure this out or things will get messy. Very messy.
TBH I have higher hopes for a couple more industrial revolutions to push the meltdown out beyond my lifetime. Bio and space, maybe? :/
We agree, though. Capitalism is really, really good at growth and really, really bad at steady-state. We've never really come up with a good alternative for steady-state. I think Marx got the diagnosis right and the treatment wrong, which seems like a pretty modest hypothesis given the relative difficulty of the two. Regardless, we had better figure this out or things will get messy. Very messy.
TBH I have higher hopes for a couple more industrial revolutions to push the meltdown out beyond my lifetime. Bio and space, maybe? :/