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Big brands are officially worried about American shoppers
- ludicrousdispla 2y agoMost people in the US have some orientation towards independence and self-reliance, which economically translates to curtailing superfluous expenses.
- Etheryte 2y agoI don't really see how that holds, historically it clearly hasn't?
- ludicrousdispla 2y agoTrue, I should clarify that I meant that the US economy is currently (and historically) based on a high level of consumer spending. Therefore companies are in for a shock when that level drops due to people spending less.
- wyatt_dolores 2y agoMost people in the US live beyond their means through credit card debt.
- stevage 2y agoYou're either saying something obvious and universal, or something blatantly false.
- mensetmanusman 2y agoI eat aluminum cans!
- ujkhsjkdhf234 2y agoYou have a group of shoppers that are boycotting brands they feel have backtracked on positions they previously held and you have income inequality getting worse so people can't afford the things they used to. Companies will feel the squeeze on both sides of those things.
- layoric 2y agoInequality getting worse is definitely going to start impacting company sales more and more. IMO we are watching the math of perpetual "growth" hit a finite world.
- gruez 2y agoRecessions happen all the time. What makes you think it's not that but "perpetual "growth" hit a finite world"? What bottlenecks are we running into that's causing growth to stop?
- quickslowdown 2y agoI mean, the extremely obvious answer is tarrifs at the moment.
- pgwhalen 2y agoTariffs might be a cause of the next recession, but they aren’t a sign of some fundamentalists on perpetual growth like OP was asking about. They’re just the arbitrary doing of one man.
- andrewjf 2y agoI mean, the middle class finally died a decade ago and all the money was siphoned off to the top. I don’t think is has much to do with growth in it of itself
- trilbyglens 2y agoThe upper classes have extracted growth from a slowing curve by carving more and more out of the middle and lower classes. To them it looks like growth, but it's really just stealing from the bottom to pad the curve.
- andrewjf 2y ago
- mberning 2y agoI already told my wife and family this is going to be a dramatically pared back summer. Try not to get laid off. Try not to die. Try to not sow the seeds of your own demise.
- 6stringmerc 2y agoYou should get a beat and make this a TikTok as a theme song for the inevitable market crash. Pared back summer No gas for the Hummer
- stevage 2y agoOne small silver lining in all this is perhaps that it is such a clear cause and effect that people will remember in future. So many economic levers take many months or years to really play out, but everyone can grasp that the president imposed big tariffs on every country and the economy instantly tanked.
- genter 2y agoI doubt it, people will forget in a generation or two. How many people have actually read The Jungle? How many people have actually seen our rivers on fire? How many people remember when the air was so polluted going outside would kill you? How many people remember corporations hiring private armies and literally killing their employees because they dared to strike? The people that benefit from so many of our laws are cheering their removal without understanding why they're there.
- alphabettsy 2y agoPeople are unaware that companies were so daring to add chalk to milk and random dark substances to coffee. Unregulated capitalism is not something we should want to return to.
- stevage 2y agoA generation or two (25-50 years) would be an incredible result. These days it's a miracle if anything has consequences more than a year or two down the track.
- trilbyglens 2y agoI mean we Americans have literally already forgotten Nazi Germany, or maybe we were never really taught it in a way that was meaningful.
- TheNewsIsHere 2y agoI truly wonder about the people who read Night by Eli Weisel in middle school or high school and don’t see a problem with what’s going on now.
- tomhovv 2y ago[flagged]
- deleted 2y ago[deleted]
- Cypher 2y agoI don't have money so it's not a boycott by choice... just incredibly poor, depressed and under water
- TheNewsIsHere 2y agoYou’re not alone. In my experience this presently describes most people who don’t work in technology or traditionally very well-heeled fields.
- mindslight 2y agooops. Maybe corporate America should have taken the fascist candidate with the proven track record of destruction at his own words, and donated money to conservative (aka Democratic) candidates instead. Honestly after resuming use of Aliexpress for last minute stocking up of industrialish goods, and seeing how much stuff on there now ships direct from US warehouses, I'll likely keep checking them in addition to Amazon/eBay.
- gruez 2y ago>Maybe corporate America should have taken the fascist candidate with a proven track record of destruction at his own words, and donated money to conservative (aka Democratic) candidates instead. Putting aside the laughable implication that "corporate America" is some sort of monolith that can agree on one party to support, is there even evidence that they supported the Republican Party more? The Democratic Party out raised them in the last cycle.
- moshun 2y agoA quick glance at the front row of the inauguration seems to imply they are in fact a monolith. Not to mention how many corporations immediately bent the knee for this administration before even being asked.
- palmotea 2y agoThe GP is talking about before the election, but you seem to be talking about after the election. Those are very different situations.
- viraptor 2y agoBefore election: https://www.newsweek.com/american-businesses-supporting-donating-donald-trump-list-2027957 https://www.newsweek.com/american-businesses-supporting-dona... - they're basically the same.
- 2y ago
- roxolotl 2y agoIt’s pretty wild to me that if a US political party were to genuinely try to and implement a degrowth policy this would be a very good start. Increased uncertainty to cause pullback in corporate investment. Large tariffs to reduce consumption and shorten supply chains. Major reductions in government spending.
- viraptor 2y ago> this would be a very good start. It's a terrible start. Shortening of supply chains will be slow and painful because: a) why invest in local production if the tariffs may be scrapped next week? b) where to get money if building a new factory is hit by the same tariffs? The gov spending is increasing, not getting reduced. The consumption will be lower though. A good start would've been: the tariffs start increasing today, reaching full force in 5 years, not affecting (stuff most needed for factories), with plan guaranteed not to change over the next N years.