however, by saving money (or "hoarding" it) you are better prepared for an economic downturn. if prices get cheaper you can buy more. saving has a place in the economy.
Capitalists claim they use profits to make new jobs but this is not true, they use that money to hoard wealth and buy out more when they crash the markers, rinse & repeat every few yrs
& poorer people cant save money & use it to buy when the market crashes?
What you write is completely illogical. Think about it... poor people don't have money to save. Rich people have plenty of money to save.
*poorER. people with less money.
nearly everyone is poorer than the 1%
The less money you have, the less you can save, at some point you can't save any money, just look at US population, 1/2 don't have ANY savings.
and the less you can lose.
Its just unbelievable how people like you can keep coming up with some crap replies. You dont understand many things.
so if you have more money you are guaranteed greater returns? or not? in a free market nothing is guaranteed. Inb4 examples of people using the government to ensure their monopolies.
Its beside the point that businesses do go bust, workers also get out of job, works both ways. Point being is that Capitalist system works for the capitalist only.
capitalist invests $10M, goes bust, loses $10M. worker walked into factory, is handed a job, invests $0. goes bust, walks away, not on the hook for anything. seems fair, no?
The reason people don’t have savings, isn’t because they “can’t save money”. It’s because inflationary monetary policy and debt slavery gives no incentive to save.
No, that is unrelated. This has to do with people having no money LEFT to save from living expenses.
With inflationary policy, credit is easy; people borrow what they cannot afford. They don't plan for their future. Look at the debt figures for households in the US. Student loans, etc
America is a disgrace is every aspect
Says the guy using the internet, on his smartphone. Just remember the problems in US don’t define its people. Most people are good people, governments are the real problem.
And its because the people allow them to be like this. US government has been attacking others for decades & American people don't do shit about it. You deserve the government you have
Our descent into tyranny has been a long process. Central banking enabled government expansion & created a giant monopoly of power. Blame the elite psychopaths not the people.
So your solution is what? People should not study? Get real. Education was for free in Yugoslavia which is why we had much better educated population. US has worst educated population.
Before 1998 there was no such thing as a student loan. People would work for their higher education. Some still do. College nowadays is baby sitting for adults, not education.
Its just brainwashing, no education on society or thinking, "education" system in capitalism is based on training for a job, nothing more. If you lived outside US you would see this.
“Education” nowadays is a laundry list of useless degrees. Millions of students learning nothing more than how to be good slaves and how to better worship slave masters.
true no incentive to save. though people also seem to have this thought that the gov will just take care of them so they can take out high interest loans for jet skis & vacations.
Exactly right. Most people in the US put owning toys and quick pleasures before ensuring financial future. The Fed teaches people bad habits. Just look at the natl debt.
true. that & no expectation of personal responsibility anymore.
The example is set by our masters. “If they don’t accept personal responsibility, why should we?”
who cares what they do with the money? they've earned it. it's theirs. also, Taking it out of circulation increases the value of money still in circulation.
