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Reply #7: most people are still making enough money [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
hfojvt Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-17-10 01:25 AM
Response to Original message
7. most people are still making enough money
to buy lots of non-necessities.

Why does tangible have anything to do with it? An economy geared toward production and consumption can easily be geared towards to consumption of services. In fact, the richer you get, generally, the more services you purchase. You hire a gardener. You eat out. You hire a maid. You pay for an oil change. You pay somebody else to do your taxes, etc.
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  -How can we have an economy based on the consumption of good... WCGreen  Sep-17-10 01:12 AM   #0 
  - nor an economy where the only way to keep people employed a/o alive is to produce & consume more &  Hannah Bell   Sep-17-10 01:15 AM   #1 
  - My old microwave from the early 1980s just died after close to 30 years of service.  Raksha   Sep-17-10 04:07 PM   #18 
  - That's a scary thought...  CaliforniaPeggy   Sep-17-10 01:16 AM   #2 
  - We're a Self-Service Economy  leftstreet   Sep-17-10 01:22 AM   #3 
  - It is really easy.  RandomThoughts   Sep-17-10 01:22 AM   #4 
  - Look at all the stuff that is advertised to give you a jolt so you can  WCGreen   Sep-17-10 01:24 AM   #6 
     - yet the same system goes after people  reggie the dog   Sep-17-10 05:06 AM   #11 
  - I think the offshoring began in earnest in the '80s  Art_from_Ark   Sep-17-10 01:22 AM   #5 
  - Precisely  Sherman A1   Sep-17-10 03:09 AM   #10 
  - most people are still making enough money  hfojvt   Sep-17-10 01:25 AM   #7 
  - The service transactions don't perculate through the economy as  WCGreen   Sep-17-10 02:11 AM   #8 
  - Service providers buy more when they get more customers also  JI7   Sep-17-10 02:55 AM   #9 
  - Money as debt  tama   Sep-17-10 05:49 AM   #13 
  - Excellent observation.  Enthusiast   Sep-17-10 05:37 AM   #12 
  - From what I understand, he was a bit of an ass hole....  WCGreen   Sep-17-10 02:50 PM   #15 
  - That's why Poppy Bush called it "voodoo economics"  ProfessorPlum   Sep-17-10 06:20 AM   #14 
  - Right on target, WC  kentuck   Sep-17-10 03:00 PM   #16 
  - All the developed economies are becoming more service oriented with fewer in manufacturing.  pampango   Sep-17-10 04:02 PM   #17 
  - We can't.....and it's the elephant in the room everyone pretends not to see.....  marmar   Sep-17-10 04:08 PM   #19 
 

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