Originally Posted by Ken Hill
Well Kap, I also agree and posted same a few hours ago. I guess you missed it. No big as that conclusion is blindly obvious IMO. And as Phil says we have built an economic world based on over consumption and purchases of basically unneeded crap. This somehow was supposed to make us happier. I don’t think so.

But now we are probably left with the very real prospect of deflation when it finally dawns on people they really don’t need 10,000 plastic and electronic items in their homes. Manufacturers will be scrambling to unload their parking lots and warehouses stacked to the ceiling with widgets. Unfortunately this will also lead to higher unemployment. By the way, you should see the parking lots full of motor homes in our neck as we have several major builders just north of here in Junction City.

I guess we can pin our hopes on the developing world following our lead of over consumption. There is lots of stuff for them to buy. What a prospect to look forward to.

I would hope (I know it is a completely unfounded hope) that the world, and most especially the US, could come up a better solution to the over capacity problem than foisting consumerism on the developing world. We really need to rethink what it is that we can do with the production capacity and unemployed people that is consistent with goals that foster peace, survivability and sustainability.

I am assuming that this is what Steve was pointing to a few pages back. I agree with the goal, I just do not think it is easily accomplished. And it won't happen at all if we don't face the first issue, that we have over capacity not under consumption.

Life is a banquet -- and most poor suckers are starving to death -- Auntie Mame
You are born naked and everything else is drag - RuPaul