barriomulas.com - Inefficiency in Capitalism

Nathaniel Branden in "Capitalism: The Unknown Ideal" states that "the free market does not permit inefficiency or stagnation - with economic impunity - in any field of production." I'm not sure if I can agree with that in its entirety. In fact, not only do many industries but the concept of infinite economic growth itself depends on us consuming more than we need. If consumers were to purchase only the products they need and spent without dipping into credit, the economy would be stagnant and the economic gods would cry over the coming recession.