Eric Tymoigne writes that "Half of surveyed U.S. individuals saved 5% or less of their income."
Saving large amounts of denomination units? Does that make any sense at all?
Why should a dynamic electorate try to "save" EXCESSIVE amounts of their fiat? Citizens can't save Aggregate Public Initiative any more than they can individually save personal initiative. Initiative can only be invested when it appears ... or it's lost forever.
The only alternative is sacrificing teamwork by trying to hoard units denominating the personal initiative of other people, including emerging citizens (grandchildren). In other words, slavery, indentured servitude or sharecropping.
Yet hoarded fiat currency units are unproductive liens on other people's initiative (and your grandchildren's options). Savings beyond basic liquidity needs inevitably undermines current & future teamwork. That's why it's CALLED a "demand leakage." It's financial sharecropping, pure & simple. Otherwise, we would have called off D-Day back in 1944 and "saved" all that munitions output ... and those human lives as well.
If NeoLiberals (those promoting every man for himself) were remotely honest (or intelligent), they'd urge us to save lives and teamwork and other things, not just fixate on saving excessive amounts of fiat denomination units (which is what they secretly crave). NeoLiberalism is merely a psychological disorder. One of endless flavors of obsessive-compulsive behavior.
Why do voters preferentially elect OCD patients who obsess over saving excessive amounts of fiat? Why not elect people obsessed with saving other things? Lives? Democracy? Real output? National capabilities? Cultural Adaptive Rate? Our grandchildren's options? What's so uniquely special about nominal accounting numerals?
Maybe only an association of sports coaches can save us. After all, there's no "i" in teamwork. Only in unregulated capitalism.
To pursue the absurdity, is there no "i" in teamwork ONLY because most "me, me, me" is hoarded in politics? If we reform politics, will all sports teams fall apart? What are we afraid of? Cross contamination, or cross training?
Do we have to amend Jefferson's maxim, and insert a clause into our Constitution requiring that we formally regulate the ratio of personal greed to teamwork, to keep that ratio within survival tolerance limits for our social species? Shouldn't that be obvious, after the last 100K years? Or is homo sapiens regressing into homo saps?
Preamble to a Constitutional Amendment banning financial Benedict Arnolds:
"[NeoLiberal capitalists] have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their [stolen, fiat liens]." Thomas Jefferson
Hell, I'd vote for that amendment.
