World Economies

http://www.bbc.co.uk/news/world-asia-india-19658146

You know, I don't think that a slowing economy is necessarily a bad thing, if everybody is doing well.

Quite frankly, I think that by having the wealth be more equitably distributed within the society, you'll get better economic growth.

Rich people tend not to spend wildly.  At least, the ones who stay rich don't.

Most people, if you were to give them a million dollars, would be either spent or in the negative by the end of the day, and that, is an economic principle that we can actually test for.

When you enable people to spend, they spend, or save or invest.

They participate in the economy and help make it do better for those who already have.

But it's an investment by the upper class to make it be so, in order to avoid triggering inflation.

When people have money to spend and the prices remain at current market value, they tend to spend.

And that, you can test in the world around us.

So.

Perhaps the solution to India's problem is to shrink the gap between the rich and the poor.

And perhaps, a better focus of economies should be committed to making the world a better place to live in, rather than simply growing themselves in abstract manners that don't really translate into increased value and increased quality of life for the people actually living on Earth.

Just a thought.

Think about it.

Just a thought.