The most affluent consumers account for a bigger share of total US spending, reinforcing the lopsided dynamic of unbothered consumption for the wealthy and more cautious shopping for everyone else.
The most affluent consumers account for a bigger share of total US spending, reinforcing the lopsided dynamic of unbothered consumption for the wealthy and more cautious shopping for everyone else.
ITT people confuse the mathematical limits of consolidating currency with the actual unbounded consolidation of power.
No, the rich don’t care about the health of the economy. Yes, they will run out of money that can be directly siphoned from your consumer pockets. That’s just the beginning of the real endgame.
Short on rent money? I’ll be happy to write off your rents in perpetuity if you sign this contract granting rights to your organs upon death. Can’t afford clothes? A lifetime agreed employment spent sorting trash will keep you in free, durable work clothes. Can’t afford to raise your kids? We’ll give you a sweet deal to cover necessities and they can pay it back later. Muggers and thieves got you down? Come sign on to our secure company commune!
These are the exact conditions that historically lead to feudal systems. People didn’t abandon their homesteads and independence to become serfs voluntarily. It was always out of necessity.