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RE: I Kept Thinking of a Clever Title, but All I Came Up with Was This - a Few Thoughts on "Short-termism"
What's wrong with saving a load of money? I think the philosophy of enough is enough is flawed; how do you know it's enough? It might be today, but what about tomorrow or the next day?
If you're American, they say you're only 2 major illnesses away from bankruptcy; so saving money is the only prudent thing to do, unless of course, you enjoy living hand to mouth, month to month.
Cg
That's the point. How much is enough? It's a good conversation to have, as individuals and as a society. It's a conversation that one never has under capitalism. Capitalism says it's never enough, that there is no such thing as enough. What individual could possibly need a billion dollars, except as a way to compete with other billionaires for social influence? Why not put that money back in circulation where it can do something useful?
This is a neat talk that goes into how our ideas and assumptions about money affect the design of currencies, and experiments that are underway to try new types of currencies. http://tedxtalks.ted.com/video/We-need-to-talk-about-money-Sus