Obviously, people with low or even moderate incomes could not afford such savings rates, and even diligent savings from their low wages would not be enough to pay for either retirement or healthcare.
William GreiderMaybe the reason some folks lag behind in our free enterprise system is because they depend too much on the free part and not enough on their own enterprise.
William GreiderOur values are defined by what we will tolerate when it is done to others. Everyone's sense of virtue is degraded by the present reality. A revolutionary principle is embedded in the global economic system, awaiting broader recognition: Human dignity is indivisible. Across the distances of culture and nations, across vast gulfs of wealth and poverty, even the least among us are entitled to dignity, and no justification exists or brutalizing them in the pursuit of commerce.
William Greider