Disagree strongly. There are essentials and luxuries. Interestingly Luxuries tend to be the most profitable in good times, but fall away to nothing in hard times. This tends to cause the boom / bust cycle natural to a free economy. Farming wheat is an endeavor that requires massive investment in land and equipment and provides a very low margin per unit sold. It is however absolutely essential because if you don't eat, you don't stay alive.
Opposite is something like Disney. Their profit margins are incredible because the movie costs the same to make no matter how many people watch it. So a blockbuster can create truly unimaginable levels of profit. However it is a pure luxury. If I don't see the next avengers movie it inst going to do me any harm. So if it is a choice between bread or Captain Marvel, the captain is definitely not essential.
Hollywood.
Disagree strongly. There are essentials and luxuries. Interestingly Luxuries tend to be the most profitable in good times, but fall away to nothing in hard times. This tends to cause the boom / bust cycle natural to a free economy. Farming wheat is an endeavor that requires massive investment in land and equipment and provides a very low margin per unit sold. It is however absolutely essential because if you don't eat, you don't stay alive.
Opposite is something like Disney. Their profit margins are incredible because the movie costs the same to make no matter how many people watch it. So a blockbuster can create truly unimaginable levels of profit. However it is a pure luxury. If I don't see the next avengers movie it inst going to do me any harm. So if it is a choice between bread or Captain Marvel, the captain is definitely not essential.