Current saving and investment decisions have profound implications for the nation's level of well-being in the future.
In general, saving today increases a nation's capacity to produce more goods and services and generate higher income in the future.
Minimum levels of investment in a nation's physical and human capital are crucial just to maintain labor productivity and living standards.
The only way in which they could maintain themselves among the other stronger nations was by idealizing their one distinguishing feature: their inferiority.
Instead, each nation's quest for opportunity helped trigger one of the twentieth-century's great revolutions.
Outside literature this use of metonymy leads to the pathetic fallacy of attributing to nations and societies the qualities of individuals.
Given that nations are permanent, they must have permanent officials.
The death instincts provide the negative energy which is used in destructive aggression between human beings, either between individuals or between groups and nations.
