Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Nah, don't be silly. The super-rich can spend enough money to keep the economy ticking over with their demand for services. There is no limit to the consumption of the rich. Honest. I mean, you might argue that most of what they do is shuttle money among themselves - buying and selling property, art and so on - and that the amount that they spend on consumption is relatively small, but that would make you a commie.
by Colman (colman at eurotrib.com) on Wed Jan 17th, 2007 at 06:01:27 AM EST
You beat me to it.

Everyone repeat after me:

Jerome is a pinko-hippy.

Ultimate happiness and economic efficiency will come only when the majority of people are so insecure they will do anything for some money.

by Metatone (metatone [a|t] gmail (dot) com) on Wed Jan 17th, 2007 at 06:13:52 AM EST
[ Parent ]
Ultimate happiness and economic efficiency will come only when the majority of people are so insecure they will do anything for some money.

Otherwise known as globalising the third-world underclass.
by Colman (colman at eurotrib.com) on Wed Jan 17th, 2007 at 06:17:48 AM EST
[ Parent ]

Display:

Occasional Series