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Ikonoklast

(23,973 posts)

24. The funniest part is this: They don't need us, because of growing classes with disposable income

Reply to B Calm (Reply #18)

Wed Nov 6, 2013, 09:19 AM

Nov 2013

in India and China, literally hundreds of millions more consumers than our entire population, willing to work for next to nothing.

That is the reasoning they for lowering wages in this country, competition from overseas.

Those workers will also eventually demand more in pay for their labor. It's already started in China.

What happens when Capital screws them over, too?

Who will they sell to, when the consumers in those country also go broke, and there is no one left with enough money to buy their products anywhere on Earth?

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Highlight:

There Once Was a Time When the Super-Rich Needed a Middle Class to Be Successful -- Not Any More [View all] xchrom Nov 2013 OP

What kills me is how many voters associate themselves with this demographic... Earth_First Nov 2013 #1

They still do, they have just found a way to circle the drain more slowly with a weak middle class stevenleser Nov 2013 #2

Now all you have to do is convince the ultra-smart super-rich of that fact Fumesucker Nov 2013 #5

they've created ways to make money no matter how the economy is doing for the rest of us. KG Nov 2013 #3

And a lot of it is automated - if an asteroid destroyed all life on earth. it would keep going. bananas Nov 2013 #27

In the big picture their wealth is worthless. n/t RKP5637 Nov 2013 #4

Only if enough people don't think what they have is wealth The2ndWheel Nov 2013 #20

They brainwash the people they don't need to buy. nt valerief Nov 2013 #6

The have the military Ichingcarpenter Nov 2013 #7

+1 xchrom Nov 2013 #8

And they have AnotherMcIntosh Nov 2013 #26

The Oligarchs And Corporations Own And Control The Politicians That Own And Control Us cantbeserious Nov 2013 #9

Agree ReRe Nov 2013 #25

k&r for exposure. n/t Laelth Nov 2013 #10

Hillary 2016. NYC_SKP Nov 2013 #11

I suppose when they are making fortunes by betting and trading on what amounts to complicated IOU's Douglas Carpenter Nov 2013 #12

When making money is de-coupled from generating wealth (in the classic meaning of the word) Ikonoklast Nov 2013 #13

I am far from an economist, but ... LisaLynne Nov 2013 #17

I don't think it's sustainable - anymore than if you and I traded back and forth notes promising Douglas Carpenter Nov 2013 #21

That is an excellent metaphor and description of it. nt LisaLynne Nov 2013 #22

The last little bump was a warning. We failed to heed it. Ikonoklast Nov 2013 #23

I have found, from posting on my local right wing site, watoos Nov 2013 #14

Traditionalists Awknid Nov 2013 #28

Someone, somewhere has to be able to buy stuff. winter is coming Nov 2013 #15

We shall emulate the fall of Rome if we discard our middle. Festivito Nov 2013 #16

Sadly, I think that's a fait accompli at this point. marmar Nov 2013 #29

With the insane trade policies that allow companies to offshore B Calm Nov 2013 #18

The funniest part is this: They don't need us, because of growing classes with disposable income Ikonoklast Nov 2013 #24

We need to hurry and find a way flobee1 Nov 2013 #19

What utter bullshit revisionist claptrap hootinholler Nov 2013 #30

This is why it may take their blood and that of all their relatives to end this emsimon33 Nov 2013 #31