Think Looney Tunes is only great at being Looney? Think again.
You do realize that "Heir Conditioned," "By Word of Mouse," and "Yankee Dood It" were produced after the National Association of Manufacturers, through the Alfred P. Sloan Foundation, paid approx. $66,000. to Warner Brothers in the mid- 1950's to produce three cartoons advancing an "individualistic capitalist philosophy," correct? And that fact was not made public until the 1970's This isn't as much of a refutation of Keynes as it is paid- for corporatist propaganda.
Hay que enseñarle cosas como esta a tanta gente en México
Too bad they don't give out dividends companies choose to give it out how much they want their investors to have, in today's economy its all about profit gain no investment in technology or higher living for employees.
Of course they completely bypass the essential role of the labor movement in driving up wages and in reducing the length of the working day, instead falsely claiming that people saving money and investing led to such progress, when in fact those people did not have the savings (since they worked for long hours for little pay) to invest until after the labor movement demanded better working conditions and better pay.
No investing is not the same as gambling. Investing requires business to be responsive to consumers desires. This is how they make profit. The business is better off and the consumer is better off. Gambling, on the other hand, is a zero-sum-game meaning that if I win, you lose. With gambling there is no long-run improvement in the quality of life, with investing there is an improvement.
This is just Cold War propaganda. Nothing more.
Precisely, it is against the modern interpretation of Keynes. (Which most call Keynesian theory) Anyway, Keynesians would argue that people should SPEND their money to help the economy NOT save it. So when the other cats convince Sylvester to save his money rather than spend it, this is counter to Keynesian theory. Keynesians believe money saved will be held onto and not spent. Thus causing demand < supply causing layoffs. and reduced incomes and paradoxically national savings to fall.