The major capitalist economies of Europe and North America have been experiencing low rates of economic growth and population increase. Japan has been in that position since the 1990s, and its experience offers some important clues about what the future holds.
  • EnderWi99in@kbin.social
    623·
    1 year ago

    Slow but steady growth that outpaces inflation is kind of the ideal. The US also doesn’t have the population issues Japan has. The Jacobian is also far left garbage. Why is this even posted here?

    • nyar@lemmy.world
      94·
      1 year ago

      Of course, with that user name, you’d think that Jacobin, a barely left of center magazine, is far left garbage.

        • nyar@lemmy.world
          61·
          1 year ago

          Jacobin, from the US, is in a country with no right wing? The US is only right wing, Democrats being the center right and Republicans being the fascist right.

    • MotorheadKusanagi@lemmy.worldEnglish
      32·
      1 year ago

      I’ll back you up on this. Both points.

      The thing most people forget about capitalism is that Adam Smith’s invisible hand, eg the consumers, was meant to bend companies towards their will. Smith wrote a whole book on how important morality is too.

      As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.

      No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.

      The disposition to admire, and almost to worship, the rich and the powerful, and to despise, or, at least, to neglect persons of poor and mean condition is the great and most universal cause of the corruption of our moral sentiments.

      His ideas got wildly corrupted after WW2 by those looking to resist the potential for new hitlers, and they took it WAY too far… It was never meant to become anarchy for corporations, but if you ask a typical boomer, raised in the overpropagandized post WW2 era, that’s what it has become.

      Younger folks dont have to continue that boomer shit. We can go back to the original ideas of a decentralized economic system where consumers bend corporations to their will

      It’s worth looking up who the Jacobins were, btw…

      They cut the heads off the French leaders during the revolution and that lead directly to Napoleon’s rise, and he was a lot worse than what we got with Trump.