'A LABOR LEADER ONCE SAID TO ME THAT FEW LABOR MEN HAVE ANY ACQUISITIVE INSTINCT. THEY ARE A SELF-SELECTED GROUP OF THOSE IMPATIENT BY NATURE OR HABIT OR BOTH. THEY TEND TO SPEND RATHER THAN TO SAVE. THE GREAT NEED AND OPPORTUNITY FOR EDUCATION IN THRIFT IS MANIFEST'
-Irving Fisher
Is this true, /his/? Are all physical laborers manifestly not capable of high level theoretical thought?
Maybe only because of the culture engendered in poorer areas, the perception maintained by many living in Ghettos that it's better to spend now than to save.
>whaddya mean you spent 90% of your wages on food and housing and transportation? if you save the remaining 10% instead of spending it on a case of beer and entertainment to make your life more tolerable you'll own a steel mill like me one day! fucking poorfags why can't you make 5 million a year and only spend 3% of it like me?
richfags need to be gassed desu
>>2102019
>Are all physical laborers manifestly not capable of high level theoretical thought?
Yes, that's why a vanguard party is needed.
>>2102475
Yes, my biggest complaint is there should be some available metric to compute as regards the ability to save and hoard money, versus making more money when you already have it. It SHOULD be easier to make if you have more of it, but it shouldn't be super easy, because that easiness imputes an exact relative hardiness on the poor's way of living.
>>2102019
He said they need education. Clearly the implication is that they're capable, they just need to be educated.