It’s important because it’s the central promise of our system. Capitalism/Liberal Democracy/Whatever, it doesn’t promise equality, or world peace, or spiritual enlightenment: It promises that you can buy cheap consumer crap, and now it can’t even deliver that.
Exactly. Capitalism is only tolerable as long as the material conditions of the working class improve decade after decade. The average worker has been in steady decline for 50 years, but over the last 25 years nearly the entire working class has been suffering.
If the growth goes away, people have to wonder what they are getting in exchange, in any system, not just capitalism. For example, this is the same expectation people have from the Communist Party in China. Most people will agree that givint up their freedoms was worth the huge improvement in quality of life.
It’s important because it’s the central promise of our system. Capitalism/Liberal Democracy/Whatever, it doesn’t promise equality, or world peace, or spiritual enlightenment: It promises that you can buy cheap consumer crap, and now it can’t even deliver that.
Exactly. Capitalism is only tolerable as long as the material conditions of the working class improve decade after decade. The average worker has been in steady decline for 50 years, but over the last 25 years nearly the entire working class has been suffering.
If the growth goes away, people have to wonder what they are getting in exchange, in any system, not just capitalism. For example, this is the same expectation people have from the Communist Party in China. Most people will agree that givint up their freedoms was worth the huge improvement in quality of life.