Americans Own Less Stuff, and That’s Reason to Be Nervous

Re:Americans Own Less Stuff, and That’s Reason to Be Nervous by emodendroket on Tuesday August 14, 2018 @02:44PM (#17760710)

I don't think you've really taken in the article if you think what it says is we need to buy more cars. The point here is that we use things we don't really own, and in fact ownership (particularly home ownership) has traditionally been one of the things that's ensured the stability of the country. People who feel they've got something to lose don't generally seek to burn down the whole system.

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Re:Americans Own Less Stuff, and That’s Reason to Be Nervous by lossolo on Tuesday August 14, 2018 @03:31PM (#17761095)

> People who feel they've got something to lose don't generally seek to burn down the whole system.

This is such an important sentence. People high in the chain need to understand, that exploiting and hoarding every dollar from those at the bottom will only lead to one thing. And as history shows, first victims of rising of the masses are the people highest in the chain of an old system.

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Re:Americans Own Less Stuff, and That’s Reason to Be Nervous by elliottkember on Tuesday August 14, 2018 @04:58PM (#17761837)

"home ownership"

Does this take mortgages into consideration?

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Re:Americans Own Less Stuff, and That’s Reason to Be Nervous by emodendroket on Tuesday August 14, 2018 @05:02PM (#17761875)

Yes. The thirty-year fixed-rate mortgage was kind of the cornerstone of the whole system and arose because of government intervention to assure stability

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