this post was submitted on 05 Apr 2024
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You're conflating growth of particular capitalists' wealth, "profit", and growth of the entire economy. Capitalism's goal is profit but profit doesn't depend on growth of the entire economy. There are capitalists who profit even while the economy shrinks.
OP's meme was referring to growth of the economy, not profit. Again, capitalism doesn't depend on growth (of the economy).
Many capitalists are losing their investments when the economy shrinks though, even if some benefit. The system as a whole needs growth, as all the propertied are expecting to continue accumulating constantly, as physical resources dry up, and workers can hardly be exploited any more.
That doesn't contradict what I said.
The system as a whole isn't capitalism.
It literally is though. In the middle ages would you have said "it's not all feudalism, there's actually some merchants too!"
So the current global market, as counted by GDP isn't capitalism?
Oh, wait, you're right. China's socialist, so not the whole international system. Any given imperialist country still relies on growth to keep capitalism alive, though.
?