[[@ryan/20201230142523 capitalism_and_debt]]

📕 subnode [[@ryan/20201230142523 capitalism_and_debt]] in 📚 node [[20201230142523-capitalism_and_debt]]

📓 garden/ryan/20201230142523-capitalism_and_debt.org by @ryan

tags :: capitalism debt credit austerity

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

⥱ context

To see links, go up to full node [[20201230142523-capitalism_and_debt]].