Green Capitalism and Buddhist Economics Thread (user search)
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  Green Capitalism and Buddhist Economics Thread (search mode)
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Author Topic: Green Capitalism and Buddhist Economics Thread  (Read 1312 times)
🐒Gods of Prosperity🔱🐲💸
shua
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« on: August 19, 2013, 08:14:24 PM »

Capitalism doesn't need to be about accumulating profits.  It can be about making profit that then goes back into the business enterprise to further it (of course there's going to be a desire for some accumulation of profit to serve as security for the enterprise). That furthering of the enterprise is itself a move toward a form of growth though, at least at the micro level.
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🐒Gods of Prosperity🔱🐲💸
shua
Atlas Star
*****
Posts: 25,791
Nepal


Political Matrix
E: 1.29, S: -0.70

WWW
« Reply #1 on: August 22, 2013, 10:59:44 PM »

Capitalism doesn't need to be about accumulating profits.  It can be about making profit that then goes back into the business enterprise to further it (of course there's going to be a desire for some accumulation of profit to serve as security for the enterprise). That furthering of the enterprise is itself a move toward a form of growth though, at least at the micro level.

I think that even if Economy stops growing significantly in the developed world, I don't see it really as a terrible thing and I don't believe that profits will end even with low growth economies. Dual Realities are supposed to happen soon in the Devoloped World, some sectors such as the high tech world would keep being highly profitable and dynamic, while traditional industries will totally disapear in the rich countries!

We had a thread a thread about growth and capitalism a couple of months ago, and a question was brought up that is a good one - what exactly is meant by "growth in the economy"? how is it measured?
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