Showing posts with label tech bubble. Show all posts
Showing posts with label tech bubble. Show all posts

THE CENTIPEDE ECONOMY

Our incredible shit-in-shit-out, centipede economy.

TRANSITIONING FROM A DEMAND-

 TO A SUPPLY-BASED SYSTEM


by Brett Stevens

Leftism causes consumerism because when you subsidize the least capable, you get buying patterns that emphasize the trivial, disposable, novelty, and lowest common denominator types of products. For years the West has kept itself afloat by taxing the middle class so that the perma-poor can buy iPhones, increasing the value of that Apple stock, and thus making the middle class get more rich.