Hypothesis: Recession or...

[Nuclear Unicorn]

...capital strike?

A recession, by definition, is decreased economic activity.

Of course for economic activity to occur people have to have money. "It takes money to make money" as the capitalist axiom goes.

Ergo only those people who have money can be active with it.

I don't know about you but I've never really had a lot of money. I pay my bills and treat myself from time to time but my meager earnings are such that my economic activities haven't really changed that much because for me to spend less means I don't eat or lose my apartment, my car or some such.

It seems to me that a recession is just another name for a capital strike, i.e. the people who have money/capital are withholding it because they have certain demands. Indeed, every complaint from the RW bears this out: if business X cannot make Y profit it will cease activity Z.

So those with money hold onto their money, meaning they stop spending it amongst those whom they employ either as serfs or minstrels unless they are allowed to get back more than they give out.

Discuss.