The current hostile corporate takeover in the USA and the clear loss of political power of the common people, I started wondering what happened if people used consumption as their leverage. Since the system is designed for continuous growth, what would happen if a mass movement of people stopping buying new non-essential consumer goods?

It would send a much stronger message than angry public protests. Thoughts?

  • MNByChoice@midwest.social
    0·
    20 hours ago

    Boomers are retiring and 401ks ensure that these companies will make money purely from “value potential”.

    Peter Zeihan expects the opposite as Boomers sell their stock to fund lifestyle.

    Could be both. First up, then down.

    Edit to fix name.

    • CubitOom@infosec.pubEnglish
      0·
      20 hours ago

      I haven’t read this take yet, and I’m not an economist.

      My point is that right now, boomers are doing everything they can to invest, so its a self fulfilling prophecy of ETFs and investment funds. Where everyone is buying in because the stocks are preforming well and the stocks are performing well because everyone that plans to retire is buying in.

      However once boomers start to either sell their assets or die off, there will be a sudden surplus of stock and other assets in a pretty small window. And i doubt it will be a boon for the economy or the stock market.