| Subject: | Re: [socialcredit] RE: OWNERSHIP: Malthusian Pessimism--a question | | Date: | Wednesday, March 9, 2005 14:18:45 (+0200) | | From: | Jessop Sutton <sutton @...........za>
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On Saturday 05 Mar 2005 6:30 pm, Joe Thomson wrote:
> (Joe replies:-) I wonder if the 'rich' DO 'consume' at an increasing rate,
> Jessop? Or do they 'invest' their riches, and try to consolidate their
> position?
> So I think I'd have some doubts as to the 'consumption' habits of the
> 'rich', even when it comes to their indulgences in 'luxuries', as having
> much, if any, bearing on the plight of the poor. But as to their
> 'investment habits' ~ well, that's something else again.
================================
Joe, I don't for a moment think that the consumption habits of the rich have a
direct impact on the poor except that the desire to feed those habits causes
unseemly behaviour which does affect the plight of the poor. That acquisative
drive (and the desire to keep up with and outdo the Joneses) is what drives
those with the business acumen to increase their profit with no regard to the
impact on the bulk of society.
However, how about addressing the main point of my e-mail -- or perhaps
someone else would like to? It was:
"Can anyone on the List let us see a graph comparing GDP increase at
current-prices with GDP at constant-prices over an extended period (say 10
years)? I haven't any recent figures, but here in SA from 1984 to 1991 the
former increased by 176% while the latter remained more-or-less static. This
means that while the money supply increased dramatically, the
unit-production/consumption hardly changed in spite of an increase in
population**. Graphed over the same period (I mean for recent figures that
someone on the list might supply), how do the flux and reflux of credit
compare, ie., is the gap maintained at a fairly constant percentage over
time?"
I remember that someone did have a graph like that at one time which made
interesting reading.
Jessop.
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