Show me an entire economy based on discretionary personal spending and I'll show you an economy headed for collapse. Like ours, right now.
Luv2Run wrote:
D!ickHeadStoleMyHandle! wrote:
The entire university system in the US has been teetering for years now. Millions and millions of former students saddled with billions in debt. Asking kids and their families to pony up 30K-90K PER YEAR for an undergraduate education? GTFO! How has it even gotten this far?
I would hope that a silver lining from the destruction that will come from Corona will be a complete overhaul of certain aspects of our broken society. Billionaires on their way to trillions, bloated and brazenly corrupt corporate culture, bloated university systems, an entire economy reliant on consumer spending, it's all sh!t and needs massive overhauling.
I love what Stanford did and hope there's a lot more where that came from.
Show me an economy not based on consumer spending.