If we want people to save enough money to retire independently, why do we perpetuate an economy that would crash if people are stingy?
- RayLv 64 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.
- OiyLv 61 month ago
Boom and bust is the way to kill inefficiency and create new profit.
- ZirpLv 71 month ago
congratulations, you are a leftist
so millionnaires can become billionnaires