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Full employment and more generally a secure society are social insurance. Wealth accumulation is asocial.

But when social organisation itself fosters crises and abandons security and employment as goals, then some personal wealth accumulation is necessary.

And the poor accumulate as well - some marginal subcultures are as obsessed with gold as the very wealthy. And for the same reasons, security in dire straits, and status.

If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa

by Migeru (migeru at eurotrib dot com) on Wed Aug 8th, 2012 at 02:02:26 AM EST
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