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First of all - you poor thing. But for reals, yes, capital seeks returns. And the people who need the most help have the least capital to make themselves intere
by justforFranz 9y ago
First of all - you poor thing.
But for reals, yes, capital seeks returns. And the people who need the most help have the least capital to make themselves interesting to capital.
And that's why we need infrastructure spending from the government. But if anything, we have a government (in the USA) that's more interested in demolishing infrastructure that helps actual people, and instead wants to offer tax cuts to very, very rich people.
Douglas Rushkoff is right. All these companies are going after the data-play when in fact, most people simply have no more money to spend.
And one of the reasons why we got both Trump & Sanders during the primaries is because labor has no pricing power. Most people are afraid to ask for a raise, and apparently nobody with any power seems to give a damn.
We have an increasingly supply-side economy. Normal people will reliably spend any extra dollar they get. But I bet you could throw money at super-rich companies like Apple all day long and it wouldn't increase demand for anything (perhaps except the stock price - if they had an aggressive dividend policy, I guess).
And now they want "tax reform" which I suppose will lower corporate tax rates. That's not going to help generate demand.