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?
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.