Wednesday, August 22, 2012

The Lonmin Protests and Percolate Up Economics

http://www.aljazeera.com/news/africa/2012/08/2012822135041901731.html

See.

Personally, I would be willing to pay the wages and improve the conditions, if I were management.

It would most likely just get spent again back into the system.

Or else, invested in these projects.

Or saved as a means of buffering against difficult times (which also is good for the banks as well).

Wealth can't be enabled to be stagnant like this.

It has to recycle in the economy in order to encourage growth in the economy.

Else you're just pocketing the difference and having it go into accounts where it does nothing in particular for anyone, including for the people who own it, past a certain point.

How much money does an individual need in order to be well?

How much do they need to live a high life?

And what's the point of fussing about it when it gets past that point where it becomes, essentially, useless to you?

Think about it.

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