Tag: consumption

The End of Economism

May 27, 2020

The globalized corporate economy of perpetual growth already produces too much and has done so for a long time. In the process, it excludes more and more people from participating in that production. That means growing numbers of people do not have the income to consume what industry produces. Certainly, something has to give. Not … More The End of Economism

Capital Contradiction: The Fundamental Flaw that Dooms the Corporate-Growth Economy

August 23, 2014

The corporate cheerleaders of the last stages of the dying unlimited-growth economy still argue that “growth” is necessary for a healthy economy. The role of growth in our economic culture seemed secure, until the cracks in its foundation grew ominous. Now it’s a big question. As the argument goes, capital growth spurs technological innovation, which … More Capital Contradiction: The Fundamental Flaw that Dooms the Corporate-Growth Economy