The Bloomburg Businessweek article, “The Chinese Can’t Kick their Savings Habit,” that I happened to read today strikes me as the hubris of Capitalism in full glory. This article derides the insecurity of the Chinese people who distrust government policies. Seems to me the Chinese people have the right of it. Consumption can be a disease, a Capitalist disease. http://www.bloomberg.com/news/articles/2015-05-01/chinese-consumers-cling-to-saving-suppressing-spending
I love the reminder this is that the people rule. Money is the people’s magic wand, our scepter. How we spend money, wave it around, shapes the world the way we want it to be!