Most people lack the resources to become saver-investors, invalidating the merit narrative

Evidence

Mainstream economic theories have draped obvious absurdities in scientific rigor: those who do not have sufficient resources to make ends meet, because they are unemployed or work for low wages, don’t have money to set aside to become a saver-investor. This condition affects the majority of people. More than half of all Americans live in financial insecurity, according to the Urban Institute. Globally, the reality is even bleaker: over half the world’s population scrapes by on less than $6.85 a day. — Clara E. Mattei, Escape from Capitalism, 34

Categorization

• XREF: Directly answers the saver-entrepreneur story from paragraph 33 — the internal contradiction of the ‘everyone can become a rich investor’ narrative is the core of this polemical intervention. — connects to: The saver-investor ideal is structurally unavailable to most people — Clara E. Mattei, Escape from Capitalism: An Intervention, 34; German savings research found workers lacked the inner prerequisites to accumulate capital — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 335; Inequality stems significantly from uneven asset ownership, not only elite speculation and household debt — Paul Langley, Assets and Assetization in…, 46

Broader Connections

• The saver-investor ideal is structurally unavailable to most people #corroborates (0.92) — Clara E. Mattei, Escape from Capitalism, 34
• German savings research found workers lacked the inner prerequisites to accumulate capital #exemplifies (0.85) — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 335
• Inequality stems significantly from uneven asset ownership, not only elite speculation and household debt #corroborates (0.82) — Paul Langley, Assets and Assetization in…, 46