RGacky3
8th November 2010, 10:46
This notion that you gotta get the rich richer so that they will spend and stimulate the economy makes absolutely no sense.
The rich HAVE huge stores of capital, but they arn't spending it, why? because they don't need to, the economy is'nt stimulated by rich people buying stuff, its by wages being spent, making sufficient demand.
The solution is not to give rich people more money, which will only .... give them more money, its to get that money out there, thats through wages, how to you get it through wages? You keep them up, you keep the working hours low, that way more people are employed (look at the German model, where they insentivise lowering working hours), you Strengthen unions, strong unions make sure Capitalist money trickles down, why? THey force it down.
Unions would rather have more than enough employees, they'd rather work less hours for hte same pay, and they's rather have MORE pay.
Now all of these things you can do through government regulation, but those things can be loop holed, but when you put it directly in the hands of the workers, its much harder for the capitalist to cut corners.
Now when workers have more money in there pockets, and there are less unemployed, guess what happes, they buy stuff, and there we go you don't need purpetual growth, you don't need more bubbles, the economy is large enough, you just need to take it away from the Capitalists.
So you wanna stimulate the economy? Unions, workers organizations, stop giving money to the rich, they have enough, give it to the unions.
The rich HAVE huge stores of capital, but they arn't spending it, why? because they don't need to, the economy is'nt stimulated by rich people buying stuff, its by wages being spent, making sufficient demand.
The solution is not to give rich people more money, which will only .... give them more money, its to get that money out there, thats through wages, how to you get it through wages? You keep them up, you keep the working hours low, that way more people are employed (look at the German model, where they insentivise lowering working hours), you Strengthen unions, strong unions make sure Capitalist money trickles down, why? THey force it down.
Unions would rather have more than enough employees, they'd rather work less hours for hte same pay, and they's rather have MORE pay.
Now all of these things you can do through government regulation, but those things can be loop holed, but when you put it directly in the hands of the workers, its much harder for the capitalist to cut corners.
Now when workers have more money in there pockets, and there are less unemployed, guess what happes, they buy stuff, and there we go you don't need purpetual growth, you don't need more bubbles, the economy is large enough, you just need to take it away from the Capitalists.
So you wanna stimulate the economy? Unions, workers organizations, stop giving money to the rich, they have enough, give it to the unions.