#+title: capitalism and debt
- tags :: [[file:capitalism.org][capitalism]] [[file:20201230142537-debt.org][debt]] [[file:20201230142542-credit.org][credit]] [[file:20201230142705-austerity.org][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.