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View Diary: The goal IS to reduce the standard of living (386 comments)

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  •  When I watch business news (none)
    (which isn't by choice, my husband turns it on) it always seems like consumers are being upbraided for not spending enough, and not "investing."  Having money in a savings account, just sitting there in a bank, always seems "bad for the Economy."  Does it strike anybody else that way?

    If not for the cat,
    And the scarcity of cheese
    I could be content.
    --Jack Prelutsky

    by Reepicheep on Thu Oct 13, 2005 at 06:26:19 AM PDT

    [ Parent ]

    •  Who owns the media? (none)
      Of course they don't want regular people accumulating too many assets, it means more stuff for them.

      It's also why they're so big on retraining and education as the solutions to unemployment:  flood the currently lucrative fields with desperate workers, thereby driving down their wages too.

    •  Stop listening (4.00)
      We live in a capitalist system. In a capitalist system you want to have capital, because those with capital do best - hence the name for the system.

      You want to have savings (even with artificially low interst rates). You do not want to have debt (even with artificially low interest rates).  Turn off the TV (better yet get rid of it). Find your joy in non-material ways and you will be rich beyond belief.

      Just because you can doesn't mean you should!

      by taonow on Thu Oct 13, 2005 at 06:40:44 AM PDT

      [ Parent ]

    •  Kind of contradictory (none)
      /upbraided for not spending enough, and not "investing." /

      If you spend it, you can't invest it. If you invest it, you can't spend it...with limited disposable income, people have to choose. And when you don't have a lot of money, you can't afford to risk "investing" in things where you might not even get back what you put in.

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