4 ms·
Sadly, they really need to start consuming 100x what they are currently to even have a shot
by downrightmike 2y ago
Sadly, they really need to start consuming 100x what they are currently to even have a shot
- t-3 2y agoThat would make American businesses very happy, but what would be so good for China? There's a reason they made the decision to artificially suppress domestic consumption in favor of building a strong manufacturing base and export-focused economy, and it seems to be working well for them.
- echelon 2y agoIt looks like China is quickly becoming a domestic consumer economy. Look at BYD sales and Ne Zha 2. Their gaming industry and entertainment industries are starting to pull ahead of the US.
- consteval 2y agoHyper-consumerism took off in the US because it’s a false economic indicator. It makes lines go up, but doesn’t materially improve anyone’s lives. We’re seeing the effects of ~70 years of hyper-consumerist behavior. It worked for a while, but now the costs have accumulated. There’s shit everywhere, and everything either breaks or is poison. Or both.