Savings is bad under capitalism because the masses far outnumber the owners so if the masses can save a dollar each that’s hundreds of millions of dollars the owners can’t legally touch. They got around a lot of that with fractional reserve banking, but it’s still a problem for them.
Savings is bad under capitalism because the masses far outnumber the owners so if the masses can save a dollar each that’s hundreds of millions of dollars the owners can’t legally touch. They got around a lot of that with fractional reserve banking, but it’s still a problem for them.
savings also undermines the reserve army of labor
Yeah, this is the neoliberal brain rot where they see people having savings as being “inefficient”, meanings money isn’t flowing to the top.