I'm not sure in aggregate everyone is able to save their way to prosperity. There must be places for the capital to be deployed. A lot of savings end up going i

I'm not sure in aggregate everyone is able to save their way to prosperity. There must be places for the capital to be deployed. A lot of savings end up going in to speculation which basically could be classified as gambling or waste. Take a look at China right now, a country with an incredibly high savings rate but much of it going to speculation. The better problem to look at is what the savings are being spent on: investments that raise the quality of living for everyone.