Re: what is the circular economy?
Posted: Wed 24 Jun 2015, 23:30:43
Steady state capitalism is not feasible for one reason, amongst many others. This one is fairly straight forward though.
Limits to accumulation.
Capitalists are continually adding to their numbers and in order that such a process continues indefinitely to allow for natural wear and tear in the system, accumulation must have infinite capacity. Such capacity is supported by infinite resource access as well as market availablity.
Capitalists are constantly consolidating thereby removing accumulation from circuit. Once again the above forces come into play.
There are no circular modern economies anywhere in the world. Cuba perhaps come closest to the circular principle for obvious reasons but certainly not Germany.
Limits to accumulation.
Capitalists are continually adding to their numbers and in order that such a process continues indefinitely to allow for natural wear and tear in the system, accumulation must have infinite capacity. Such capacity is supported by infinite resource access as well as market availablity.
Capitalists are constantly consolidating thereby removing accumulation from circuit. Once again the above forces come into play.
There are no circular modern economies anywhere in the world. Cuba perhaps come closest to the circular principle for obvious reasons but certainly not Germany.