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Showing posts from March, 2020

Will the COVID-19 Be the Death of the 20th Century Consumer Economy?

Somebody asked me, is COVID-19 a symptom or a cure? What is wrong with us? Symptoms of Consumer Atrophe Warehouse & Westfield Closed – indicates downshift in consumption of non-essential consumer items by consumers Cruise Ships, Air Travel, Tourist Operations Closed – indicates downshift in consumption of commodity tourism for non-essential purposes by consumers Supply Chain & Manufacturing Closed – indicates downshift in consumption of primary commodities which feed into the non-essential consumer vehicles, appliances, furniture, clothing for consumers Suspension of Rent, Mortgage and Credit Repayment Demands – indicates an emerging awareness of the debt slavery status of most consumers Kids Riding Scooters in the Street – indicates a re-allocation of the biggest consumer misallocation of resources of all time Prognosis for Recovery Welfare emergency payments for consumers will be used