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Investment drives growth, not consumption.
by missedthecue 7y ago
Investment drives growth, not consumption.
- nicoburns 7y agoAnd small investments tend to have better returns.
- ceejayoz 7y agoInvestment requires returns, which mean people have to consume the resulting product, be it goods or services.
- missedthecue 7y agoYes, one can't exist without the other, but economically speaking, it's impossible to consume your way to prosperity. You must increase productivity, and this is done through investment. We tried consuming our way to prosperity during the housing bubble in the early 2000s. That turned out how you might expect.