The dynamics of capitalism are such that, looking forward a few generations, the proportion of winners from economic growth approaches 100 percent, and the proportion of losers approaches zero. That is, economic growth will make nearly everyone will be better off several generations from now compared to where they would be without any economic growth.
This same dynamism, however, produces what proponents of capitalism ought to concede are clear losers. People whose lives are adversely disrupted by innovation would be better off, at least in the short run, under a less dynamic system. The manufacturing worker displaced by globalization or technical innovation is a short-term loser.
And if we commit to John Rawl’s justice, in making decisions concerning our future – we must focus on clear losers and for this reason only we have to reject economic growth.