by vtsnowedin » Mon 27 Oct 2014, 07:30:07
$this->bbcode_second_pass_quote('ralfy', 'F')rom what I know, middle class conveniences are essentially purchased through increased credit and jobs in the service industry that offer higher wages.
The economy is expanded not by credit but by investment with credit being just the first step in the cycle. Sound investment combines capital with labor , resources and management to produce a useful product that is sold for a profit after all the bills are paid including the initial credit. It is when the money is borrowed and misused and not paid back that causes trouble.
$this->bbcode_second_pass_quote('', 'P')rogress is introduced in poor countries that have a lot of natural resources to exploit given the public view of fostering democracy, economic freedom, etc. The main purpose, though, is to secure access to resources and
at the same time to expand the market of consumers.
$this->bbcode_second_pass_quote('', 'O')f course, all of these factors assume more than enough oil and material resources needed not only to ensure economic growth but to solve environmental problems as well.