I'll stand by my statement. As a matter of fact, I can see it happening in Japan. The difference is Japanese are quite xenophobic. So, they'd rather invent robots and go without to pay for their past sins. Or, I should say, the sins of their fathers.Then you shouldn't have posted it. That's what you posted, and what I objected to, and what you defended, and what I repeated again my objection to.
Agree (particularly in bringing in labor to compete with those Germans who have lower than average IQ and need to find manual labor).That isn't true. Retirement in modern industrial economies is most easily paid for by taxing part of the increase in productivity brought about by investment during their lifetime of work. Bringing in a bunch of low wage low productivity hires doesn't work nearly as well.
An as for increased productivity, yes, when they actually "invested" capital.
When Municipal Bonds are sold to build a football stadium, which is built, and then enjoyed, and then torn down and the Bonds repaid by people who never even heard of such a stadium, let alone used it, is that an "investment" in your book? That's a little different than an individual or group of individuals saving their money, buying or building machines that makes goods - such as cars. Those "Industrialists" directed resources that lifted nations out of poverty. The former just left their grandkids with their bills because they wanted a free stadium, or free education or free healthcare. Germans did enjoy the fruits of their capital investments.... AND THEN SOME. And that 'some' requires Germany be destroyed. It's how it works. Either that, or the system must come to an end, and far too many people are emotionally T-Bonded to superstitious-like belief in the State.
Which is worse I wonder? The belief in the State or in Gods? One would think society would benefit from a small superstitious belief (Sunday Xian) and a limited government. Oh, but then where'd we'd get all the free-shit come from? How could a politician get elected if not 'redistributing' / taxing / taking from one and giving to a another? And who better to take from than the unborn?
So, it's either B.Sanders with his promises of free K-14 and free healthcare or the Pope with promises of an afterlife.
They do not use free-market derived money, they use fiat currency based on debt obligations. If you want to consider debt, as capital, and borrowing more than you could ever hope to repay, as "investing capital savings", be my guess. But, they are not the same thing.Once again - just to remind you of physical reality - both Sweden and Germany have capitalist economies. They are both industrial corporate capitalist countries, and they have been for many decades now.
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