MoneyWithWealth.com
wealthy ppl provide capital? - no wealth no capital? - right? wrong?
Written by YouCanDoIt! on April 14th, 2009
nigelbestpeace asked:
we hav it on the authority of galbraith ['dean of economists'] that ‘liberty equality fraternity’ cultures like the scandinavian hav highest capital formation - extreme overpaid/underpaid countries like middle east hav ZERO capital formation - and wealth/poverty countries like america hav low capital formation, ie relatively HIGH cost of money
we hav it on the authority of galbraith ['dean of economists'] that ‘liberty equality fraternity’ cultures like the scandinavian hav highest capital formation - extreme overpaid/underpaid countries like middle east hav ZERO capital formation - and wealth/poverty countries like america hav low capital formation, ie relatively HIGH cost of money
[egalitarian cultures also hav highest real income growth]
i guess the reason is that in egal societies, there is a PLATEAU of success - a perceivable social LEVEL - when ppl reach it, they can relax and save - there is no poverty to fear falling into
with wealthpoverty cultures like america, there is no resting place, just a slippery slope - the wealthy hav no rest, there are always ‘jones’s’ higher up, and the yawning pit of poverty straight below - hence stress, dogeatdog culture [americans SNARL, GROWL a lot], mental disease - putting others down heavily: a schoolyard normal sport
an unliberty inequality unfraternity culture
Brian
15
PM
An economic policy of john maynard keynes who published the wealth of nations in paying down the reasoning of the war ii at that point franklin roosevelt grudgingly took the.
16
AM
I do not agree with all this. In a democratic country like US there are not only people like Bill Gates but lots & lots of lazy people who do not want to toil hard and reap fortunes. Only because of this we find homelessness & poverty. One need not much worry about this what Adam Smith the father of Econimics said lazez fare still holds good and the lazy peoples kith & kin who now realise that they are becoming poorer & poorer than the rest of the people in the world will once again pounce up and work hard and compete with the other and regain their number one position back. Yes this is democray & only this way it would be.