Robert Vienneau wrote:

> In article <1142539913.197871.108...@v46g2000cwv.googlegroups.com>,
> "Zerge"  wrote:

>> edi wrote:

>>> "How can in the sum total of the worlds economy, from the gross global
>>> product, goods and services, (which for tallying purposes is converted
>>> into the symbol "money"),
>>> some 80% is extracted and given control to 20% of the people, where
>>> does the ability come from to purchase all (or most) of it?
>>> I mean the top few can't physically consume it all, and there isn't
>>> enough "money" left for the rest to purchase it.


>> Very simple. Those who have a lot of wealth and can't spend it all,
>> LEND it to other people. These people use the money to create new
>> businesses, or to consume...

> I think the original poster asks a good question. Zerge gives a
> mistaken answer.
> 
> Consider my post this morning (16 March) in which the rate of growth
> along a smooth growth path is determined by the animal spirits of
> corporate managers. In this model, the decisions of consumers to
> save (and lend) or consume cannot affect whether smooth growth is
> achieved.


There's nothing wrong with my answer Robert, and you know it. It is
certainly reductionist, but the guy is not an economist and giving him
a bunch of incomprehensible theory, as you are so fond of doing, is
useless.