It's seriously concerning, the fall of capitalism is so certain due to the tendency of the rate of profit to fall that you can't ignore it. So why do so many economists choose to do so? How do they chose to do so? Because as far as I know, their only "argument" is that technology will get infinitely better over time to combat this, and that economic growth will continue forever as a result; which is ridiculous as that violates the laws of thermodynamics
How are neoliberals so willingly deluded?
William Taylor
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Luis Torres
they covered up deindustrialization and the exploitation of the third world with finance.
Jeremiah Davis
Due to the high level of financialization of the economy, economist schooling is completely divorced from empiricism and the physical world. It's more useful to know how to turn money into more money than how to actually allocate real resources. Because of this they literally believe that we can have endless growth because that's what all of them are taught. They don't understand the physical limitations of the world and this becomes apparent any time you actually question them along these lines.
Thomas Moore
They'll probably be dead when that happens so they don't give a shit.
Hudson Thomas
The way the modern financial system is designed all of the world's industrial production is being reorganized to serve the rich at the expense of everyone else. The physical limitations don't matter because the end result of it is they'll kill everyone else off so they can't compete to consume the same resources of the planet.
Aiden James
The physical limitations matter because the rich are still physical beings. The rich have yet to financialize themselves and be turned into a string of numbers.
Kayden Adams
I mean they are trying to achieve immortality.
Samuel Gutierrez
Technological development is what causes the rate of profit to fall.
Logan Wood
So what you propose is that we are to make happy people like Norwegians living in a beautiful and stable society communists, by telling them that their politicians don't understand thermodynamics or whatever? lol
Joshua Taylor
Biological immortality doesn't actually overcome the limits to growth. They'd have to literally become non-physical and purely financial beings.