It was yet another discussion about the state of the economy, the various financial crises threatening to de-stabilize currencies, yadda, yadda, yadda.
One of the commentators made an off-the-cuff remark that gobsmacked me. He referred to savings, those little nest eggs we’ve tucked away so we aren’t eating cat food in our dotage, as “money hoarding”.
The inference being that the money we’re saving for a rainy day should be put into circulation (they’re already doing it to our pensions, of course), placing our future at the mercy of the vicissitudes of the marketplace.
Think about that.
These motherfuckers have got us to the point where we’re stretched to the limit, credit-wise—maxed out on five different cards, our overdrafts and lines of credit bursting at the seams…and now they want access to our savings.
The economy must keep chugging along, doncha know, the machine can only be sustained by spending more, more, MORE.
You talk about bubbles and recessions and depressions and downturns and negative growth.
Money is going to run out long before oil.
Maybe Chuck Eisenstein has the answer (or part of it)?
What comes after capitalism?
And, frankly, ain’t the world better off without it?