[Buddha-l] Getting real about Buddhism and capitalism

[jkirk]

Fascinating--that he even anticipated Keynes on thrift. He could be seen as 
the first exponent of "trickle-down" economics, the optimistic (but 
erroneous) view that as the rich get richer they spend more thus creating 
jobs that wil trickle down to the poor.

Problem with this is that the rich do not spend that much--they invest most 
of their gains to create further paper gains--today most of what they spend 
is on imports (BMWs, Mercedes, Paris and Milan fashion and residences in 
foreign countries)--not on things that would generate significant job 
increases in their own countries.

But trickle-down, contrary to all the evidence, is still the mantra of the 
Republican Party bee-hive, Bush & co.


----- Original Message ----- 
From: "Erik Hoogcarspel" <jehms at xs4all.nl>
To: "Buddhist discussion forum" <buddha-l at mailman.swcp.com>
Sent: Saturday, October 01, 2005 9:27 AM
Subject: Re: [Buddha-l] Getting real about Buddhism and capitalism


> jkirk schreef:
>
>>
>>
>> Hm---somehow I missed the Fable of the Bees,
>
>
> http://cepa.newschool.edu/het/profiles/mandev.htm
>
>
> Erik
>
>
> www.xs4all.nl/~jehms
>
> _______________________________________________
> buddha-l mailing list
> buddha-l at mailman.swcp.com
> http://mailman.swcp.com/mailman/listinfo/buddha-l