From: Sabri Oncu

Max:

> We were talking about an intergenerational transfer system.
> You could have such a system under socialism.

Or, as in that Japanese movie, the title of which I don't remember
anymore (maybe Louis can help), our elderly (are we that young?) go to
that elephant graveyard to die, not to be a burden on our young.

What was that movie?

The question is this: can we afford to keep our elderly alive and well
as long as they last so that they do not need to go to that elephant
graveyard?

My bet is that we can, if we so chose!

Best,
Sabri

^^^^^^^^^^

CB: There's plenty for all, old ,young and middle aged,  if we
expropriate the expropriators, replace private appropriation with
social appropriation.  The cornucopia of social appropriatioin.



From: "Jay Hanson"

Max, a growing number of people are saying the same thing about our economy.
In fact, a few weeks ago, one of my list members, who just got his PhD,
called the global economy a Ponzi. I agree with him for the reasons you
give: "imbalance between payouts and in-go."

Jay

^^^^^
CB: In this case, "Ponzi" is another name for the Rich, the
Bourgeoisie. The Rich get payouts way in excess of what they "in-go."
(put-in).
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