Comment 62845

By Undustrial (registered) - website | Posted April 29, 2011 at 01:38:06

Isn't "investment" just another word for debt? And if so, can this debt burden private entities (businesses, individuals etc) in ways similar to national debts?

There has been an enormous boom of wealth in the last few decades - reflecting much higher productivity and much larger markets, but almost none has gone to the bulk of the working population. 80% of people aren't making any more in real terms now than they were in the early 1970s. What this shows is that profits made from investments (public, private, individual etc) are largely being recycled into more credit, rather than a rising tide which lifts all boats.

It's easy to complain when a chunk of our tax dollars vanishes as interest payments on old loans. What we don't see is the chunk of our rent, power bills or purchases at stores which also goes to such payments. What isn't financed these days? And how much does that end up costing the consumer at the end of the line? And what does it cost us to once-again finance all these costs?

Permalink | Context

Events Calendar

There are no upcoming events right now.
Why not post one?

Recent Articles

Article Archives

Blog Archives

Site Tools

Feeds