Consumer debt crunch and division by two

Yoshie Furuhashi furuhashi.1 at
Mon Jun 8 20:11:54 PDT 1998

Rakesh wrote:
>What is agitating me is the idea drummed into us that the working class in
>this country does not save enough. Well, yes, income employed workers may
>have saved is instead expended to pay off interest charges but that's a
>contribution the working class makes to the savings of the rentier class.
>The working class is saving more than recognized but not for itself.

Isn't this idea that 'workers don't save enough' going to be mainly used as an ideological prelude before they begin to privatize Social Security?


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