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We have engine trouble partially because the US consumer has historically been the oil of the global economy. Now big business is ahead of its consumers (too m
by gz5 11y ago
We have engine trouble partially because the US consumer has historically been the oil of the global economy.
Now big business is ahead of its consumers (too many now under employed or unemployed), hence less opportunities to invest those cash mountains.
As Andy Grove said, we need to optimize for jobs too. Else we simply don't have balance in the overall ecosystem, as we are now seeing.