Profits Without Prosperity (2014)

Re:Profits Without Prosperity (2014) by face_mcgace on Monday October 09, 2017 @10:34AM (#15434104)

A) So, wages are stagnant or falling and unemployment (real unemployment) is at 10%.

B) Companies reinvest in themselves through buyback and lobbying congress for subsidies. They freeze wages and reduce their workforces.

C) Congress subsidizes their research and development through tax payer funding. Costing a higher tax burden during which wage rates are falling / stagnant.

If B relies on C, and C relies on A, but A is destroyed by B - then what happens?

[ Parent | on HN ]

Re:Profits Without Prosperity (2014) by face_mcgace on Monday October 09, 2017 @10:38AM (#15434139)

Spoiler: A will collapse, C will collapse, B will give themselves parachute payments and move to China (companies will tank of course).

[ Parent | on HN ]