Re: China's growth trumps ours due to neoeconomics


"The Trucker" <mikcob@xxxxxxxxxxx> wrote in message
news:dij7g9017vc@xxxxxxxxxxxxxxxxxxxx

On saving and investing while working.

>.... I question whether it is the only way or even the
> best way to arrange for retirement.

Hi,

What do you propose instead? And no matter how you think the world should
be,
what we have is the way things are.


>....The entire system is
> based on the stupid notion that "individual financial saving" is
> necessary to _real_ capital development.

Yes. In a capitalist system of individual ownership.


>....While excess
> goods must be produced so as to fund _real_ capital
> development, there is no atomic need for self deprivation
> and hoarding.

Or what I call "saving and investing".

>....As a matter of fact, so long as there is any
> unemployment then there is no excuse to differ development
> of appropriate infrastructure.
>

Except that most of the unemployed at any given time don't have the skills
needed to build that appropriate infrastructure. And they are typically
only a small fraction (about 5%) of the labor pool.

PS I will probably be off-line for the next several weeks (again ;-)


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jim blair (jeblair@xxxxxxxx) Madison Wisconsin USA.
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