From the August 2021 issue of the Socialist Standard
Infinite growth on a finite planet? That’s a car crash! Problem is, capitalism can’t ditch infinite growth.
Why not? A capitalist business needs to make a profit in a competitive market. This means investing in the latest tech and machinery. If it doesn’t keep up with business rivals, it will go bust. So it needs to take that profit and turn it into more capital to reinvest in future production, future ‘needs’ and future markets. More and more capital, more and more tech, more and more stuff, on and on. Infinite growth is not just about bosses being greedy, it’s the iron logic that capitalism is built on.
Grow, or go under. But as we’re discovering, the price for this growth is environmental destruction.
CAPITALISM CAN’T DITCH INFINITE GROWTH, BUT WE CAN DITCH CAPITALISM.
Think about it. The buying and selling system is old and obsolete. We don’t need it. We have the global tech and know-how to create a cooperative, post-scarcity global system where there’s no buying and selling because everything is free.
Don’t destroy the planet, upgrade it, and solve most social problems at a stroke.
I'm not sure but this looks like the text of a short leaflet.
See also from the same issue of the Socialist Standard, 'Countdown to COP26 - Part 1'.