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That expectation only holds together if you think of consumers as a single monolithic cohort. But prices can stay high and price out most consumers as long as t
by munificent 8mo ago
That expectation only holds together if you think of consumers as a single monolithic cohort. But prices can stay high and price out most consumers as long as there is a minority of rich ones still able to afford it:
https://www.oxfordeconomics.com/resource/bifurcated-how-the-us-economy-is-splitting/ https://www.oxfordeconomics.com/resource/bifurcated-how-the-...
- maxerickson 8mo agoLike they are gonna buy all the flour and tshirts at high prices? The op didn't say that scarce goods would become something only the rich could afford, they said no one would buy anything.
- deleted 8mo ago[deleted]
- RealityVoid 8mo agoHow many bags of rice do rich people buy on average, would you say?
- flir 8mo agoSuppose it depends how many serfs they've got. /cynical
- stock_toaster 8mo agoIf they can resell them abroad at a higher price than locals can pay? Then, all of it.
- RealityVoid 8mo agoSell them abroad... to... _other_ poor people? Or, aaah, it makes sense as your sibling comment was saying to trade between them in order to feed their serfs.