tag:blogger.com,1999:blog-8514287419501121003.post2257366786887271129..comments2018-10-01T11:03:14.368-06:00Comments on Outrage Is My Favorite Emotion: Why Complicate A Simple Life?Outragedhttp://www.blogger.com/profile/09891643382780769241noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8514287419501121003.post-70995232229815528452009-11-12T00:27:10.269-07:002009-11-12T00:27:10.269-07:00Corporatism depends heavily on consumption.
Cons...Corporatism depends heavily on consumption.<br /><br /> Consumption depends heavily on people with wealth or credit.<br /><br /> We've gone through a period in time when people were enticed to buy goods on credit if they didn't have disposable cash. A wise person would simply not make the purchase.<br /><br />Our current economic problems have made people wise. Reckless consumption is down which results in people being layed off.<br /><br />The ship started to take on water following the exportation of good paying middle-class jobs. To feed Wall Street, goods would be made in Mexico but the price to the consumer would remain unchanged.<br /><br />Jobs went away, prices stayed the same, profits went to brokers, traders, investors, marketers, and media companies.<br /><br />Runaway fraud took control of the housing market and prices shot up. Easy credit fueled greater consumption but without good paying jobs or many people who'd amassed wealth the economy would eventually crash.<br /><br />Anyhow, I'm beginning to ramble on but I know the value of having people comment on our blogs. At times I think I'm writing to myself until I see my hosting server stats.<br /><br />Steven Thompson, editor<br />Freedom From The PressSteven Thompsonhttp://freedomfromthepress.netnoreply@blogger.com