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If consumer demand doesn't exist there is no problem - everyone already has everything they want. Is it your belief we live in a post-scarcity world? If so, we

• toomuchtodo 11y ago
  > If consumer demand doesn't exist there is no problem - everyone already has everything they want. Is it your belief we live in a post-scarcity world? If so, we indeed need no new investment. I agree with this. We're almost there, not quite yet though. The renewables push and electric vehicles get us over the hump (although housing is going to be something we'll need to figure out). Although, if you don't have consumer demand, you don't have any need for investment (except perhaps infrastructure, which the government can do; that leaves bonds/treasuries intact as an investment vehicle). > Then again, the consumption of retirees is also not really a problem. Ahh! But it is! Retirees consume much less, especially with most of them not having saved enough for retirement. They'll have enough to survive, and that's it (and those who need to depend on their families will be sapping away disposable income that's now re-purposed as non-discretionary living expense). > I don't know China well, but the idea that the emerging world doesn't have unmet demand is insane. Indians (a nation I know much better) certainly want to consume vastly more than they currently do. Yes, true. But do they have the income to do so? Without income, you cannot have consumption.