4 ms·
You need to produce wealth before you consume wealth, at least on the scale of a country. Only after there is enough wealth available (in form of schools, hosp
by foobar2020 12y ago
You need to produce wealth before you consume wealth, at least on the scale of a country.
Only after there is enough wealth available (in form of schools, hospitals, infrastructure, social security system, businesses, know-how, reliable supply chains, etc.) you can jump the poverty barrier by borrowing wealth, through the credit money-creation system. But the prerequisite is a healthy economy.