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  1. Embed this notice
    lainy (lain@lain.com)'s status on Sunday, 19-Nov-2023 04:57:01 JST lainy lainy
    One of the memes I wish would die is that a free market systems "requires" constant "growth".
    In conversation Sunday, 19-Nov-2023 04:57:01 JST from lain.com permalink
    • feld likes this.
    • Embed this notice
      JC Brand (jcbrand@mastodon.xyz)'s status on Sunday, 19-Nov-2023 06:48:24 JST JC Brand JC Brand
      in reply to

      @lain The fiat, interest-based monetary system requires it. Since money is loaned into existence and interest payments are expected on those loans. That interest must ultimately also come from loans, which themselves charge interest. You constantly need new debt to to pay interest on the old debt.

      In conversation Sunday, 19-Nov-2023 06:48:24 JST permalink
      lainy likes this.

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GNU social JP is a social network, courtesy of GNU social JP管理人. It runs on GNU social, version 2.0.2-dev, available under the GNU Affero General Public License.

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