How the US saved the world by buying vast amounts of stuff…
David Brin, a scientist and writer, has an interesting piece up on his blog.
His basic point is that America’s habit of spending lots of money on stuff we don’t need (which has been going on since WWII), has effectively lifted much of the world up economically.
March 13th, 2005 at 10:04 am
Yay captalism! Yay globalism! Yay for the bourgeious elite! Without the rich (for whom sellers compete by lowering prices and increasing quality), goods and services cannot become cheap enough for everyone else; only the wealthy (in a relative sense) can subsidize that development. And with the increase in availability of goods and services and common expectations, what follows is “peace through shared culture.” Good stuff, man, thanks for the link.