Re: [OPE] Open problems in Marxist economics: Workers' savings

From: Paul Cockshott <>
Date: Wed Apr 07 2010 - 10:20:23 EDT

Many, in this time period especially, have negative savings such as credit
card indebtedness.
On balance, is there any reason to suppose that workers' savings will on
balance be significantly
greater than workers' indebtedness?

Paul C

I think you are right that often workers have negative net savings, but this varies accross countries and historical time periods. As I understand it, in Japan and China workers savings have been higher than in the USA, but I can not cite up to date figures on this.

The University of Glasgow, charity number SC004401
ope mailing list
Received on Wed Apr 7 10:33:36 2010

This archive was generated by hypermail 2.1.8 : Fri Apr 30 2010 - 00:00:02 EDT