What is the reason for the inherent compulsion to grow within our capitalist economic system?
Among other things the compulsion to prosperity results from the interest effect and the desire to make a profit from capital investments. Because, in addition to the operating costs of a value-creating company, the expected interest of the investor must also always be generated. In addition to amortizing its own operating costs, the company must therefore also generate capital gains. This makes the manufactured products or services more expensive and leads to a constant, self-accelerating, immanent upward spiral of prices. Growth is inevitable within this system so that it can continue to exist. Unregulated, this effect also accelerates increasing economic inequality, as wealth continues to grow through capital investments (without performance!). Furthermore, this economic system is toxic for ecosystems, because continuous growth on a planet with finite resources is impossible and must inevitably reach its limits - which is actually happening right now.
Book recommendation on the topic: "The Limits to Growth" published 50 years ago! - nevertheless more topical than ever - published by the Club of Rome or the recent new publication: "Earth for all"
The German climate protection NPO SaveClimate.Earth has developed a socio-ecological approach on how we can manage the balancing act between the destruction of our livelihoods through growth and the pursuit of profit and an ecological future, at least with regard to climate change. Renowned scientists, such as Professor Schellnhuber, support this model of personal, tradable emissions budgets using an ECO climate currency.
Find out more: www.saveclimateeEarth/thebasicidea
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