31% Of Americans Have No Retirement Savings At All

[oddstray]

Originally Posted by Mircea

... Let me explain how your world works. ...

Thanks for this explanation. The closest I had come to having a world-wide view of economics was to read Naomi Klein's "The Shock Doctrine". This provides more context for it.

...All Capital is subject to the Laws of Physics ...

No, it isn't. Capitol is not analgous to matter. It's subject to the Laws of Economics (if there is any such concept). If it were subject to the Laws of Physics we'd already have good physics-based models that would do a pretty good job of predicting how the economy behaves.

... When BRICS goes into a country, BRICS does not rape and rob the country of its Capital.

BRICS assumes a fair share -- 50%-60% -- and the balance -- 40%-50% -- remains in-country, where it is used to expand the infrastructure and to raise the Standard of Living for the peoples there. BRICS even re-invests a small percentage of fair share back into the country.
...

Can you suggest a source for learning about this? A quick google tells me about BRIC (and it's various different 'flavors') but nothing that describes how they actually do what they do.


In general, your economic arguments sound quite Malthusian. Things may very well play out as you describe. But they also may very well take an unexpected turn. I won't be around to find out, one way or other, but I do have family members in younger generations and I want things to turn out OK for them.

[HappyTexan]

Originally Posted by oddstray

Thanks for this explanation. The closest I had come to having a world-wide view of economics was to read Naomi Klein's "The Shock Doctrine". This provides more context for it.



No, it isn't. Capitol is not analgous to matter. It's subject to the Laws of Economics (if there is any such concept). If it were subject to the Laws of Physics we'd already have good physics-based models that would do a pretty good job of predicting how the economy behaves.



Can you suggest a source for learning about this? A quick google tells me about BRIC (and it's various different 'flavors') but nothing that describes how they actually do what they do.


In general, your economic arguments sound quite Malthusian. Things may very well play out as you describe. But they also may very well take an unexpected turn. I won't be around to find out, one way or other, but I do have family members in younger generations and I want things to turn out OK for them.

Just read global news.

"US invades their next country"
And then "China signs trade deal with African nation"

We go in with guns while they go in with trade agreements.
We have this need to control their government and put our puppets in charge while they don't care about a country's politics and just want to do trade deals.

We fought that war in Iraq. And when it was all over here comes China signing deals with the new Iraq government we put in place.