http://www.theatlantic.com/business/archive/2012/08/long-term-unemployment-is-much-worse-than-you-think/261279/
As I've pointed out before:
wealth percolates up from the bottom and middle of society to bloom into
the wealth that is realized by the upper crust.
The upper
crust than needs to funnel the money that the make back down into the
society, such that they can maintain and grow the wealth that they
realize as a result of the economic activity of hundreds of millions, if
not billions of people.
Keynes wrote several volumes on this
subject, without touching on the point of investment and the fact that
wages do, in fact have a positive effect on economic growth.
And I summed it up better in only so many words.
We can test these principles and tweak their practice in the world that is around us.
It does not say that there won't be moments of slow growth or even recession.
It is only the hypothesized principle that when individuals have money
to spend and invest freely and securely, they do so. And that these
activities happen in much greater volume and in much greater wealth
value than it does in just the upper class.
Henry Ford observed this same phenomenon when he was selling his Model T's to the common American.
And it is that same common American/human being that should be the
focus of our economic policies and priorities. Not the big companies
that only produce stagnant wealth that does nothing for no one,
including for the people who possess it, because they won't/can't spend
it all fast enough.
It's a cycle of wealth.
Not a stagnation of it.
And it's only dumb ideology and misplaced greed that's holding it back from being a reality.
It's that delusional sense that money is actually worth something to an
individual past a certain point. That misappropriation of priorities
from the individual, social and ecological needs of the individual
organism.
And we experience/see the effects of this ignorance in the world that is around us.
It doesn't do us any good.
And it doesn't do them any good.
For many reasons, socially and environmentally.
Think about it.
Cause I doubt they are.
And that's how we're going to be led to the brink of civil war in this world.
And I doubt very much that anything positive will come out of it.
Think about it.
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