📚 node [[20201230142523 capitalism_and_debt]]
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tags :: capitalismdebtcreditausterity
Capitalism requires a certain amount of credit to be available in order to continue the production process. A capitalist must be able to purchase things without paying for them upfront in order to begin the production process. This process in and of itself allows for a growth of the capitalist economy. Austerity policies therefore will slow economic growth.
📖 stoas
- public document at doc.anagora.org/20201230142523-capitalism_and_debt
- video call at meet.jit.si/20201230142523-capitalism_and_debt
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