5 thoughts on “Scott Galloway: ‘This Is Exactly What Capitalism Is Not Supposed To Be’ | Stephanie Ruhle | MSNBC”
I agree with what he is saying 110%. Giving Stimulus money to corporations usually ends up enriching CEO’ s and rich stock holders pockets but stimulus to common people ends up helping the economy because it goes to helping pay for rent and food that helps stimulate the local economy.
Hello Shira, Yes that is true. It works because ordinary people need to spend it so it keeps circulating which helps the economy. An economy is simply the flow of money as people buy and sell. For people to sell there must be people able to buy. If the people can not buy, then no one can sell and the economy stops. Wealthy people simply lock the money away and it never circulates. Hugs
I agree with what he is saying 110%. Giving Stimulus money to corporations usually ends up enriching CEO’ s and rich stock holders pockets but stimulus to common people ends up helping the economy because it goes to helping pay for rent and food that helps stimulate the local economy.
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Hello Recall369. It seems a simple concept that our legislators can not seem to understand. Or I should say are paid well to not understand. Hugs
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Just as Sir John Maynard Keynes pointed out so long ago: money put into the hands of ordinary people and the pubic infrastructure works best.
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Hello Shira, Yes that is true. It works because ordinary people need to spend it so it keeps circulating which helps the economy. An economy is simply the flow of money as people buy and sell. For people to sell there must be people able to buy. If the people can not buy, then no one can sell and the economy stops. Wealthy people simply lock the money away and it never circulates. Hugs
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Exactly: part of the multiplier effect, as I recall.
Hugs
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