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Initech

(107,191 posts)

18. Our economic system is broken by nature.

Fri Jun 1, 2018, 02:29 PM

Jun 2018

Too many people at the top have too much money, and that's not going to change any time soon. Christopher Titus had a point on his podcast that we'll eventually live in an economy where we'll see Uber drivers taking Lyft drivers to get their cars serviced, and that's a scary thought. Things are going to get worse before they get better, if they get better at all.

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The latest Sears closures are a symptom of the disease. [View all] guillaumeb Jun 2018 OP

The bottom line is runaway greed lunatica Jun 2018 #1

Indeed. guillaumeb Jun 2018 #3

Sears has been a poorly run corporation for a long time exboyfil Jun 2018 #2

One anecdote does not constitute proof. guillaumeb Jun 2018 #5

You are right about that exboyfil Jun 2018 #8

Well said. guillaumeb Jun 2018 #9

My husband had a summer job at Sears. It was a pretty good deal. LeftInTX Jun 2018 #17

Craftsman is now made in China mikeysnot Jun 2018 #36

Eons ago I bought a seat belt set from them. One buckle was cracked when I got home and RKP5637 Jun 2018 #7

Almost a duplicate for my experience exboyfil Jun 2018 #10

Yep, they had some really good applances. n/t RKP5637 Jun 2018 #12

Got a new washer and dryer from them in 2016 and, sprinkleeninow Jun 2018 #27

It's sad to see a company like Sears was probably fade away. When I was a kid it was always a RKP5637 Jun 2018 #29

True. I now recall when we shopped, the fragrance of fresh popping sprinkleeninow Jun 2018 #52

... RKP5637 Jun 2018 #53

Our Sears Kenmore washer & dryer... Dulcinea Jun 2018 #30

Yep, I had a set like that. I wish I still had them. I kept them running and running. RKP5637 Jun 2018 #31

We got a Kenmore washer/dryer set in 1985 right after we were married. yonder Jun 2018 #33

Yes the Kenmore products were always very reliable and last forever. YOHABLO Jun 2018 #34

Of course, Kenmore was just a brand name stamped on some other manufacturer. erronis Jun 2018 #38

We've had our pair since 1989! Plucketeer Jun 2018 #42

The Sears near my house DownriverDem Jun 2018 #37

... because Reaganomics works so damn well. n/t RKP5637 Jun 2018 #4

The proof is everywhere. guillaumeb Jun 2018 #6

Reagan would be proud! I just can't understand the fools that keep voting these people into office. RKP5637 Jun 2018 #11

sears is one of those companies that seemed to guess wrong at each opportunity dembotoz Jun 2018 #13

Sears employees were often full time employees. guillaumeb Jun 2018 #15

Sears most definitely demanded tax breaks fescuerescue Jun 2018 #28

Sears had infrastructure and expertise in place dembotoz Jun 2018 #39

But online retailers have minimal infrastructure. guillaumeb Jun 2018 #47

That's pretty much it. Captain Stern Jun 2018 #55

Companies innovate until they don't dembotoz Jun 2018 #56

Eddie Lampert moondust Jun 2018 #14

Very well said. guillaumeb Jun 2018 #16

Yes. And throw in some "interest" by the russian mafia/oligarchy. erronis Jun 2018 #40

Sounds like a raging asshole. smirkymonkey Jun 2018 #20

THANK you! jmowreader Jun 2018 #46

Our economic system is broken by nature. Initech Jun 2018 #18

I would say broken by design. guillaumeb Jun 2018 #19

I blame Ayn Rand. Initech Jun 2018 #23

Agreed. She gave literary and philosophical legitimacy guillaumeb Jun 2018 #45

Things have permanently changed. Blue_true Jun 2018 #43

My biggest proof.. Crutchez_CuiBono Jun 2018 #21

So many malls are ghost towns anymore. Initech Jun 2018 #24

Unless we say no. Crutchez_CuiBono Jun 2018 #25

The face of America, now and in the future. RKP5637 Jun 2018 #54

Meanwhile, Donnie is about federally "bail out" Big Coal... Blue_Tires Jun 2018 #22

Thank hedge fund manager, ex Goldman Sachs, CEO, Edward Lampert. sinkingfeeling Jun 2018 #26

Ummm Yuorik57 Jun 2018 #32

So the jobs are at UPS and FedX? YOHABLO Jun 2018 #35

And the money services (Visa, Amazon CC, etc.) erronis Jun 2018 #41

That free delivery is not really free. guillaumeb Jun 2018 #48

Sears was being run by a libertarian who made the various divisions pnwmom Jun 2018 #44

True, but the conditions that allow this did not start yesterday. guillaumeb Jun 2018 #49

Eddie Lampert is the cause of Sears downfall Perseus Jun 2018 #50

And Lampert's company will charge Sears for its own destruction. guillaumeb Jun 2018 #51