Thursday, November 20, 2014

Kimball Corson — The Core Problem Of The World Economy And With Capitalism Is Income Distribution

The core problem worldwide is productive capacity has largely out run the capacity of consumers to buy the goods and services capable of being produced. 
The core problem creating this situation are the skewed distributions of income worldwide. High income earners and banks are hoarding money and not lending or spending it. A continuing economic malaise results. 
The core problem worldwide is productive capacity has largely out run the capacity of debt ridden and poorly paid workers/consumers to buy the goods and services capable of being produced. A decade or so ago, producers sought out new middle class consumers in developing countries to avoid the impact of the imbalance in their home countries, but that option is now waning. This leaves few good investment opportunities worldwide and the problem is fast becoming one that is global.…
Income distribution problems are the world's core problem, I suggest….
Capitalism as we know it is in trouble.
Wandering the Oceans
The Core Problem Of The World Economy And With Capitalism Is Income DistributionKimball Corson

2 comments:

Matt Franko said...

Maybe its not Income Distribution rather it is a lack of income creation....

I dont think enough basic income is being created in the first place... for robust living while allowing enough savings for retirement accounts. .

Matt Franko said...

This guy has the causation backwards on lending too....

Not much to be learned here...