America's low savings rate

[Gordon Fitch]

> > Doesn't the savings rate have to strike a rather narrow
> > balance for the ideal functioning of capitalism?  If the
> > folk save too much, they will not consume enough, and a
> > depression will ensue.  Moreover, their savings will make
> > them more independent (at least in theory) of the ruling
> > class; for example, if I have twenty thousand in the bank
> > I'll eat much less shit at work than if I have nothing.
> > Finally, if they save substantially, they will be cutting
> > undesirably into the main trade of the upper classes:
> > holding wealth.

Lawrence:
> Everyone saves and becomes independent? 

This wouldn't be permitted to happen.