Comment by carlosjobim
7 days ago
Money is just an abstract, and the less it circulates, the less stuff gets done. For no purpose but insecurity.
The ideal would be that everybody operates without savings and without debt. Either of those tools only being used exceptionally, when the benefits are enormous.
Seems to indicate that the ideal capitalist society would have strong social safety nets to make people less risk averse and more willing to spend.
Yes, and one of the strongest of those nets is limited liability for companies, which I think almost all industrialized countries have, no matter their degree of socialism/capitalism.
The other strong safety net needed is a fluid labour market with high wages for workers, meaning people can take risks and if it doesn't work out, they find a well paying job easily.
And of course health care has to be cheap in this "ideal society".