Frugality and the economic system: do they agree?

[brianpalmer]

Just wanted to give my personal opinion on what is the interaction between those two terms.. oh well, we all agree that we live in a capitalist economic system, whose living principle is to make people spend to have financial growth. However, on the other hand, overspending leads people to file for bankruptcy, and this is now how the system is supposed to run.

For this reason, I believe that a financial planning is of paramount importance to make things work. On the other hand, one should not be too much frugal: the real trick imho is to be able to stay in the middle, and do the right expenses on the right time

just my 0.02$ !

[Broken Arrow]

Welcome to the site!

[Bookie]

Good point.

The negative impact of a thoughless and irresponsible frugality on capitalism's fragile structures should be a concern to all. A consumerist economy can ill afford to shoulder the burden of slackers who would divert financial surpluses to the accumulation of capital and real property assets. Neither can the financial credit system function effectively while being undermined by the reactionary recourse to cash as an alternative to escalating levels of household indebtedness.

[sweeps]

Originally Posted by Bookie

The negative impact of a thoughless and irresponsible frugality on capitalism's fragile structures should be a concern to all. A consumerist economy can ill afford to shoulder the burden of slackers who would divert financial surpluses to the accumulation of capital and real property assets. Neither can the financial credit system function effectively while being undermined by the reactionary recourse to cash as an alternative to escalating levels of household indebtedness.

[Broken Arrow]

Yeah, what he said!

[thekid]

Originally Posted by Bookie

Good point.

The negative impact of a thoughless and irresponsible frugality on capitalism's fragile structures should be a concern to all. A consumerist economy can ill afford to shoulder the burden of slackers who would divert financial surpluses to the accumulation of capital and real property assets. Neither can the financial credit system function effectively while being undermined by the reactionary recourse to cash as an alternative to escalating levels of household indebtedness.

hehe....you talk funny But I agree, don't tell other people to be frugal.