Those companes can't be created domestically because there is a lack of consumption; people are saving 50% of their income for retirement and medical costs. And where does all that money go? Well, to business or government pork barrel projects.

A high savings rate is a boon like zero inflation is: both are economically disastrous. You need to encourage people to spend, otherwise those companies can't make money, they won't invest...and you get into a death spiral recession or depression!

Truth is: spending is as important as saving, go too far in either direction and you're screwed. Economics is all about balance.