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Re:Economic Termites Are Everywhere: stats hide the experien... by AnimalMuppet on Sunday June 09, 2024 @06:20PM (#40628100)
Could you now address the objection? If that's the case, who's buying all the output?
Re:Economic Termites Are Everywhere: stats hide the experien... by CPLX on Sunday June 09, 2024 @08:33PM (#40628837)
Those to whom the returns on capital are accruing.

Again none of this stuff is super groundbreaking. Shantytown hills overlooking mansions surrounded by high walls and barbed wire is kind of a global norm.

As America edges closer it only feels unfamiliar to those of us that have become accustomed to something different.

Re:Economic Termites Are Everywhere: stats hide the experien... by AnimalMuppet on Monday June 10, 2024 @08:22AM (#40632794)
I don't believe it.

Take cars specifically. The US makes 11 million new cars a month. If regular people can't afford them, are billionaires really buying up all those cars? How many new cars does a billionaire need? Where are they parking them all?

I can believe your explanation with money. I can even believe it with houses, with rich people buying up houses as an investment. But I can't believe it with cars. Regular people are buying new cars, and regular people think they can't afford new cars. How do we make sense of that?

Re:Economic Termites Are Everywhere: stats hide the experien... by CPLX on Monday June 10, 2024 @01:23PM (#40635839)
Because cars wear out and are scrapped? Not sure where you're going with this.