To: Pukin Dog
The rich do more purchasing than any 20 members of the middle class. All third world countries have a rich class and a very large poor class. How come all that purchasing power they have in countries like Haiti and Mexico ---where there are actually plenty of rich --as many as anywhere, are doing so poorly? It's the middle class and only the middle class that matters. Without the middle class we're like any other third world hole.
23 posted on
06/15/2003 3:47:38 PM PDT by
FITZ
To: FITZ
Untrue.
The reason that third world countries are such, is that their people do not have easy access to capital and credit. There is no investment need among the rich to give loans for people to start businesses, because there is no competition outside of governments for capital. The government and rich in third world nations are one and the same.
Outside investment capital is prohibited, so those enterprising persons do not have the ability to increase the value of native currency by increasing market activity.
26 posted on
06/15/2003 3:56:42 PM PDT by
Pukin Dog
(Sans Reproache)
To: FITZ
All third world countries have a rich class and a very large poor class. How come all that purchasing power they have in countries like Haiti and Mexico ---where there are actually plenty of rich --as many as anywhere, are doing so poorly? It's the middle class and only the middle class that matters. Without the middle class we're like any other third world hole.BUMP
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