alt Hacker News> economic systems with compound interest
You mean like reality? The power law exists. Runaway growth is natural. Or would you claim that planets and stars are secretly capitalists?
> economic systems with compound interest
You mean like reality? The power law exists. Runaway growth is natural. Or would you claim that planets and stars are secretly capitalists?
This is stretching a metaphor way beyond anything plausible. Fusion in a sun is a positive feedback loop therefore... Compound interest is natural?
It's not even a good metaphor since a star is mostly a stable system. The better metaphor for human economic systems is life itself, and in life, positive feedback loops lead to things like ecosystem killing algae blooms or cancer.
Infinite growth through positive feedback loop is natural, exponential decay is natural (radioactive decay), but the thing that supports life best is homeostasis. In which case this culture's tendency to prevent wealth hoarding is actually long term the better solution than capitalist endless wealth accumulation.
This is mostly just capitalist normativism. In reality capitalism is young. Describing it as a natural order of things is like a kid born in 2002 calling TSA in airports a fundamental reality, after all, you can't have airports without TSA!