• ☆ Yσɠƚԋσʂ ☆@lemmy.ml
    hexagon
    ·
    4 months ago

    In essence, the notion that having savings is undesirable stems from the neoliberal economic ideology prevalent in Western countries, where financial capitalists seek to maximize profits by any means necessary. This includes creating unemployment and inducing debt among workers to force them to spend their savings. Conversely, in China, where the working class holds greater power, such manipulative tactics are not tolerated, and people's savings remain respected and valued.