Anonymous asked in Social ScienceEconomics · 1 month ago

If we want people to save enough money to retire independently, why do we perpetuate an economy that would crash if people are stingy?

3 Answers

  • Ray
    Lv 6
    4 weeks ago

    Since the great depression we have consistently controlled crashes with preventative measures, most notably by injecting capital into the market, the government does this, it is called keynesian policies in economics. 

    The government also has alternative retirement tools, most notably social security and for many government jobs there are pensions. Similar measures are employed in all developed countries though most are extremely inefficient thus underwater in debt. All i can say is the world is not perfect. The chaos that is supply-demand can not efficiently be controlled. 

  • Oiy
    Lv 6
    1 month ago

    Boom and bust is the way to kill inefficiency and create new profit.

  • Zirp
    Lv 7
    1 month ago

    congratulations, you are a leftist

    so millionnaires can become billionnaires

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