Quote:
Originally Posted by Wickd89
... I believe it is a full collapse of the free market economy; as we know it.  |
I am not an economist, but I often wonder how and when capitalism will fail. To me it is like a big pyramid scheme: Investors only want in if they can get double digit growth of their investment. That can occur as long as there is room for increasing the size of the business (new customers and markets). As the global market is saturated the only way to make your company bigger is to gobble up other companies.
Eventually you will have expanded to every conceivable market in the world, gobbled up all weaker competitors and the world's population will be saturated so that birth rates will equal death rates. What then... try to find new markets on Mars?
At that point I would suspect that a dollar put in the bank will be worth the same $1 fifty years later so there will be no need to struggle to keep up with inflation.
Can growth go on forever? What happens at the end?