6min chapter

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How Degrowth Will Save the World with Jason Hickel

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CHAPTER

Capitalism and the Growth Imperative

Capitalism is the first and only intrinsically expansionary ecnomic system in history. The objective of growth, and we must be very clear about this as far as capital is concerned, is to maximu an accumulate profits. In order for the economy to be stable, it must grow at an expedential rate. And so these are the key dimensions we have to understand about capitalism.

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