Monday, May 11, 2009

Strictly from Hunger

Strictly from Hunger:
our friends in corporate America have helpfully adjusted their tactics in response to the way the Invisible Hand adjusted your standard of living. If there remains anyone who doubts that the country has fallen on bleak economic times, watching an hour or two of TV will make that fact perfectly clear. Retailers have adapted to the current climate using one of two broad strategies.

First, there is the prominent “We’re you’re pals! We’ll help you save money!” technique. ... The second strategy is the blatant but undignified “Please, please, please start spending again” ads for products which can’t pitch a cheap alternative.
Remember, capitalism requires a growing economy to be even minimally acceptable. In a contracting or even static economy, wealth and income inexorably flows from the working class to the capitalist class.

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