irresponsible use of loans is a whole diff issue, and we ahve already covered that people should only spend as much as they can really afford.
and who is then to determine what is a real 'want' versus need. I can say that you are probably using a nice computer to post using up electricity to run teh system, is this a real need for it? or is it a want.
putting it in investment introduces it in the economy and helps spur new businesses that then provide employment to people, doesn't it?
plain 'charity' means that there is an entire segment of population that has to live off the charity because there is not enough work around, because people are not purchasing products and services, so there is no need to provide those, thus less jobs.
also, if people are just purchasing basic needs, then how much can a company sell, and how can it then make large profits on volume or margin (for poremium products) to pay good salaries to people so even if they themselves dont spend a whole lot and give it all to charity..how do we expect for them to give any meaningful amount to charity.
people make money by selling services/products, and then they spend the money on other product and services, if we consider a charity as another item you 'purchase' i.e. it is another uses of your money, then how can you 'allocate money to that if you dont make much anyways.
prodcution/trade/consumption is the engine..
Peace X2 bro
Okay really this seems to be a useful discussion as there are many points to pick up.
The first point is that we cannot justify consumerism to be a good thing if it provides wealth to poor people. Provided that is we agree that it may indeed provide wealth to people. The reason why cannot make this assertion is because we have not determined what is 'good' about wealth.
It connects back to my initial point that wealth is neither a good thing or a bad thing it is a fitnah a test to see how we handle it. Doing so selfishly is bad. Consumerism is bad because it promotes selfishness.
Charity on the other hand no matter how much or less you see it making it is infact a direct act of good will and grace, which is 'good'.
My answer lies in this - why consumerism is bad. It does not require further justification, but I also believe the capitalistic-consumer culture that we are in is self defeating and here is how.
You disagreed with me saying that investment brings money back in to the economy and hence more jobs will be available. I want to contest this generalisation.
The reason why money is invested is for returns. (Selfish). Major wins on company growth are for those people who are already rich enough to own shares in those companies. The amount of skilled people will be less than those who are unskilled. The proportion of skilled will be more employable than those who are unskilled. The reality in job creation is for the minority and those who are poor will be driven into greater poverty and those who are already rich will get richer and the system may create a few jobs. Jobs being secondary to business. Small business will not be created ... the largest proportion of stable investments are put into established companies not new ones.
To add globalisation into the equation the bigger companies get the cheaper they can make their products and sell cheaper forcing medium small competitors to go out of business and may be even forcing them to become employees. Employees get the crumbs from the plate of capital gains. You know that I know that.
The lifestyle is geared towards products purchase to satisfy peoples own shortcomings and they fall in to debt then theit incomes are made to settle their debts and pay off their interests. Meanwhile those with savings and large companies with investments will make more and more money plus the interest gained. As you can see this system increases the disparity in the financial classes. Whereas the concept of a charitable economy built on taxation of savings is the very economy that will get this world out of a recession.