Besides, I do not want to quibble over the issue of growth, which is pretty academic. My main point is against the left-wing millenarism that the end is near because capitalism cannot sustain itself. It has been doing all right for the past 200+ years as far as I know, and there do not seem to be any serious threats on its horizon either.
Wojtek
On Mon, Mar 4, 2013 at 8:39 PM, Doug Henwood <dhenwood at panix.com> wrote:
>
> On Mar 4, 2013, at 6:16 PM, Wojtek S <wsoko52 at gmail.com> wrote:
>
>> As far as I know, there has been a continuous growth humanity and its
>> material possessions for the last 5 thousand or so years, so
>> capitalism, whatever that is, does not have a monopoly for growth.
>
> Most definitely not true. Growth is almost entirely a product of capitalism. Among many other sources, here's Robert Gordon:
>
> http://www.cepr.org/pubs/PolicyInsights/PolicyInsight63.pdf
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-- Wojtek
"An anarchist is a neoliberal without money."