Of course, it hasn't worked out this way: currency stability bought abundant capital flows to the periphery, which created the illusion of prosperity but only entrenched political elites riddled with cronyism, bureaucracy and corruption.
But because today capital is abundant and the cost of capital today is essentially zero, the same rules are the wrong rules.
To the extent that this has made labour more abundant, and capital relatively scarcer, it has put downward pressure on wages relative to the return on capital.
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Management has consistently exhibited great skill in raising capital when investment opportunities are abundant and has demonstrated a consistent ability in investing capital at superior risk-adjusted rates of return.
The availability of labour and land has fallen, domestic capital is abundant, the local market is now understood to be among the most attractive in the world and sentiment has become more nationalistic and self-satisfied.
According to De Yuqing, a local party official in Hailar, the capital of the Hulunbuir region, abundant basic resources including coal, timber and fish have long served the area well.
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Not everyone, and surely not every company, is feeling abundant these days, though Harris says the era of capital superabundance is here regardless.
"But presently it is important to moderate capital flows, which are getting very copious and abundant, " he said.
Most jet into Campania's capital, Naples, before heading to the sea and the abundant sunshine of its islands.
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The U.S. has a large pool of available labor, abundant raw materials and falling energy costs, said Paul van Eeden, president of Cranberry Capital, a private Canadian holding company.
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If lawmakers continue to pursue such deleterious oil and gas policies, investors will shift their capital investments from U.S.-based companies to our competitors overseas where abundant and affordable energy opportunities persist.
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