Comments on: The End of Economic Growth https://blog.p2pfoundation.net/the-end-of-economic-growth/2009/09/08 Researching, documenting and promoting peer to peer practices Mon, 13 Oct 2014 19:40:03 +0000 hourly 1 https://wordpress.org/?v=5.5.14 By: P2P Foundation Blog Archive Mises and the Neo-Marxists: Paleotechnic Blood Brothers? « « The Libertarian Alliance: BLOG https://blog.p2pfoundation.net/the-end-of-economic-growth/2009/09/08/comment-page-1#comment-418862 Sun, 11 Oct 2009 19:21:51 +0000 http://blog.p2pfoundation.net/?p=4835#comment-418862 […] an earlier post,  I argued that we’re experiencing an end to economic growth–not because of an end to progress […]

]]> By: P.M.Lawrence https://blog.p2pfoundation.net/the-end-of-economic-growth/2009/09/08/comment-page-1#comment-418021 Tue, 08 Sep 2009 13:54:35 +0000 http://blog.p2pfoundation.net/?p=4835#comment-418021 “Meanwhile, increasingly underemployed workers will of necessity shift a growing portion of their value-creation outside the cash nexus and into direct production either for their own consumption or for the social economy in the informal sector”.

There’s a catch with that. That necessity will certainly create a demand in the ordinary English sense of the word, but not in the economists’ sense, “effective demand”, i.e. demand with something to back it up. In a distributist world, to pick just one alternative scenario, it would work – but in such a world matters wouldn’t reach such a point anyway. In the world as it is, this approach only offers some niche opportunities and couldn’t mop up everything that would be needed by all the many people squeezed out. Because practically all the resources, means of production, etc. that would be needed to do the whole job for everybody have already been pre-empted by others…

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