Consumption / capitalism are two different things, but the answer to your question is no, not in it's current configuration. These companies margins are so tight that even a 10% drop in consumption would be devastating.
Clearly you cannot cut all consumption, but if enough people stop buying crap they don't need, the masters of the universe, that really do hate you, lose.
Cut your cable cord, the cable companies hate you.
You don't need those expensive tennis shoes, Nike hates you.
Your phone works, you don't need new one, Apple/Google hates you.
Your old car can be fixed, fuck their auto regulations and fuck sales tax.
Bring your lunch, the waitress with the purple hair hates you.
You don't need a four bedroom three bath house, your city lives off property taxes, and they hate you.
Home school your kids, the local public school hates you, and your kids.
Brand name consumables are no better than generic, and P&G hates you.
New Xbox, hell no, Microsoft hates you.
That "elite" University is no better, and probably worse than the local community college, and do they ever hate you.
My nephew joined the military last year. I helped him set up his finances, savings, which fund to put his retirement in, and just a general budget. One of the cheapest hobbies, if done right, is gaming. Beats the HELL out of going to the local shake joint and buying lap dances from Crystal or buying a Dodge Charger at 12% from the dealership across the street from the base.
This would all be fixed if the U.S. actually enforced slave labor laws which it doesn't currently for U.S. foreign trade. Most these companies hide behind sub-contractors which are slavers.
About inflation. What, in my opinion, we are seeing is deflation though efficiencies. We are a whole lot better at producing than we used to be. Example, my old man has a farm he's retired to, my great grandfather got 30-40 bushels of corn to the acre, my grandmother got 80- 90 bushels to the acre, my old man just got 210 bushels to the acre. Same land. Look at the quality and price of laptops over the last thirty years. More for less.
Where we have inflation is medicine, housing, education, and general regulation. All four are either controlled by the government or heavily subsidized by the government. The government has 100's of trillions of dollars in debt and long term liabilities. The indebted person looooooves inflation.
Going through this now. 17 year old daughter has 99th percentile ACT score, straight A's, and about eight AP/dual enrollment courses under her belt. She will live at home, go to college with a scholarship, all her AP dual enrolment coursework will count, and come out with zero debt. Both her older brothers did the same, but not quite to the level of actually making money off a scholarship.
What are her little dumbass friends that are in the same boat doing? Going away to the "elite" colleges and going into massive debt of course. Sure they'll get a scholarship. that'll cover half the tuition ($50,000 minimum), but that's $25,000 a year, or $100,000. In addition, they are going to be borrowing for dorm, food, and books ($15,000 a year?). Starting out in a $160,000 hole is dumb as fuck.
But, but Hector they say I will earn a miiiiilion dollars a year more over my lifetime if I go to the fancy school. Yeah, well if you put $160,000 in the S&P 500 in 1990 you would have over 3,000,000 today.
I'll do you one better, stop consuming.
Honest question. Could the US survive without consuming/ capitalism?
Absolutely, the socialist policies and the leeches that live off them couldn't though.
Break it down for me. I can only imagine job loss. Then what?
Step 1: Find your bootstraps
Step 2: Pull them up
Consumption / capitalism are two different things, but the answer to your question is no, not in it's current configuration. These companies margins are so tight that even a 10% drop in consumption would be devastating.
Clearly you cannot cut all consumption, but if enough people stop buying crap they don't need, the masters of the universe, that really do hate you, lose.
Cut your cable cord, the cable companies hate you.
You don't need those expensive tennis shoes, Nike hates you.
Your phone works, you don't need new one, Apple/Google hates you.
Your old car can be fixed, fuck their auto regulations and fuck sales tax.
Bring your lunch, the waitress with the purple hair hates you.
You don't need a four bedroom three bath house, your city lives off property taxes, and they hate you.
Home school your kids, the local public school hates you, and your kids.
Brand name consumables are no better than generic, and P&G hates you.
New Xbox, hell no, Microsoft hates you.
That "elite" University is no better, and probably worse than the local community college, and do they ever hate you.
On and on and on.
Amen brother
My nephew joined the military last year. I helped him set up his finances, savings, which fund to put his retirement in, and just a general budget. One of the cheapest hobbies, if done right, is gaming. Beats the HELL out of going to the local shake joint and buying lap dances from Crystal or buying a Dodge Charger at 12% from the dealership across the street from the base.
This would all be fixed if the U.S. actually enforced slave labor laws which it doesn't currently for U.S. foreign trade. Most these companies hide behind sub-contractors which are slavers.
Global trade is 6% of the economy, rest is service based.
About inflation. What, in my opinion, we are seeing is deflation though efficiencies. We are a whole lot better at producing than we used to be. Example, my old man has a farm he's retired to, my great grandfather got 30-40 bushels of corn to the acre, my grandmother got 80- 90 bushels to the acre, my old man just got 210 bushels to the acre. Same land. Look at the quality and price of laptops over the last thirty years. More for less.
Where we have inflation is medicine, housing, education, and general regulation. All four are either controlled by the government or heavily subsidized by the government. The government has 100's of trillions of dollars in debt and long term liabilities. The indebted person looooooves inflation.
Going through this now. 17 year old daughter has 99th percentile ACT score, straight A's, and about eight AP/dual enrollment courses under her belt. She will live at home, go to college with a scholarship, all her AP dual enrolment coursework will count, and come out with zero debt. Both her older brothers did the same, but not quite to the level of actually making money off a scholarship.
What are her little dumbass friends that are in the same boat doing? Going away to the "elite" colleges and going into massive debt of course. Sure they'll get a scholarship. that'll cover half the tuition ($50,000 minimum), but that's $25,000 a year, or $100,000. In addition, they are going to be borrowing for dorm, food, and books ($15,000 a year?). Starting out in a $160,000 hole is dumb as fuck.
But, but Hector they say I will earn a miiiiilion dollars a year more over my lifetime if I go to the fancy school. Yeah, well if you put $160,000 in the S&P 500 in 1990 you would have over 3,000,000 today.
Consumeproduct.win
The highest level of Based right here 👌🏼