Not even that, but if the part of the population who couldn't afford products now can... That means more people buying things, more demand for products and services, more jobs required to create these products and services, etc. I've argued for years that the obsession to get 'rid' of the middle class by the rich is ultimately self-defeating as it simply robs them of people to buy the products from the companies they own and run.
I wonder about this a lot. I'm starting to get the impression that the truly rich see themselves as a "breakaway civilization" and have set up their wealth from rent-seeking and financial shenanigans. Look at Wall Street (and London City). They hold more wealth than the Fortune 500, but they don't produce a damn thing. If poor people can't afford their products, it doesn't matter one bit to them. They make their money from derivatives and currency buggery and even the few products they have that working and poor people do use (credit cards) are so absurdly high-profit and protected that they've got everyone by the short hairs.
You get to a point in late-stage capitalism where income inequality hits a boundary condition and you end up with so little shared experience between the rich and the rest that it's barely the same species.
All that matters for our standard of live is productivity.
No. Productivity could (and has) risen, while standards of living fall. We've seen it happen.
Mostly, prices would just rise because everyone else has more cash too.
This is the myth of wage inflation. That if a certain segment of the population had more money, everything would become more expensive. It doesn't necessarily work that way. Wages (and the economy) can grow for the lower 70% of the population with negligible inflation. We have seen that happen before.
Breaking News: Rich white guy worried that there won't be any more poor people for him to feel superior to. More on this shocking story after this word from Goldman Sachs.
Or how about, "Dr's prescribe less after major DEA crackdown".
The article also mentions reductions in other classes of drugs which are NOT subject to a "DEA crackdown".
In medical-marijuana states, the average doctor prescribed 265 fewer doses of antidepressants each year, 486 fewer doses of seizure medication, 541 fewer anti-nausea doses and 562 fewer doses of anti-anxiety medication.
Further, this reduction outpaces the reduction in non-MM states. And the average reduction in doses includes physicians who do not generally prescribe such medications. So when they say that the average doctor prescribed 265 fewer doses of antidepressants, that includes orthopedic surgeons, gastroenterologists, urologists and the many other types of doctors that prescribe medication.
Anything that is causing people to take fewer pharmaceuticals must be of a concern to pharmaceutical companies, wouldn't you say?
If by "successful" you mean poisoning their customers, avoiding billions in US taxes, and contributing to the overall obesity epidemic in the US, then, yeah, sure.
That's the model for a successful business in late-stage capitalism, unfortunately.
What did the Republican Party do in the last 5 years? I literally can't think of a single thing they accomplished
Don't sell this, the 114th Congress short. They did accomplish something. They passed Public Law 114-152, the National Bison Legacy Act which names the bison as the national mammal of the United States.
They also voted to name no fewer than 27 post offices after people you've never heard of (probably donors).
And they voted to repeal Obamacare for the 60th, 61st, 62nd and 63rd times.
People are actually watching Game of Thrones in Chick-fil-A restaurants while eating?
I watch the Game of Thrones gay porn parody, "Game of Boners". Interestingly, there is less full frontal male nudity in the porn parody than in the actual HBO show.
The $15/hour minimum wage is just a placeholder for now in the US Democratic platform. The actual objective is to get a Guaranteed Minimum Income for everyone.
Gosh, I hope you're right. If this is the case, I might be persuaded to vote Democratic again.
Slashdot Mirror
ACs are the dog in this video.
http://blog.wonderbox.io/wp-co...
I wonder about this a lot. I'm starting to get the impression that the truly rich see themselves as a "breakaway civilization" and have set up their wealth from rent-seeking and financial shenanigans. Look at Wall Street (and London City). They hold more wealth than the Fortune 500, but they don't produce a damn thing. If poor people can't afford their products, it doesn't matter one bit to them. They make their money from derivatives and currency buggery and even the few products they have that working and poor people do use (credit cards) are so absurdly high-profit and protected that they've got everyone by the short hairs.
You get to a point in late-stage capitalism where income inequality hits a boundary condition and you end up with so little shared experience between the rich and the rest that it's barely the same species.
No. Productivity could (and has) risen, while standards of living fall. We've seen it happen.
This is the myth of wage inflation. That if a certain segment of the population had more money, everything would become more expensive. It doesn't necessarily work that way. Wages (and the economy) can grow for the lower 70% of the population with negligible inflation. We have seen that happen before.
Breaking News: Rich white guy worried that there won't be any more poor people for him to feel superior to. More on this shocking story after this word from Goldman Sachs.
The article also mentions reductions in other classes of drugs which are NOT subject to a "DEA crackdown".
Further, this reduction outpaces the reduction in non-MM states. And the average reduction in doses includes physicians who do not generally prescribe such medications. So when they say that the average doctor prescribed 265 fewer doses of antidepressants, that includes orthopedic surgeons, gastroenterologists, urologists and the many other types of doctors that prescribe medication.
Anything that is causing people to take fewer pharmaceuticals must be of a concern to pharmaceutical companies, wouldn't you say?
No, I prefer In-N-Out Burger.
That's the model for a successful business in late-stage capitalism, unfortunately.
You mean anti-porn zealots like these?
http://www.cnn.com/2016/07/11/...
That's the party of Trump, by the way.
The Ten Commandments are pre-Christian. So what's your point?
Is the reason you don't kill people really because God told you not to?
If you need some Iron Age book to tell you that it's wrong to kill someone, you weren't brought up right.
Nobody wants to gay-marry you. You don't have to worry.
I find it kind of endearing when an Anonymous Coward posts a reply to himself, thinking that no one can tell it's the same person.
Even Tim Tebow backed out of speaking at the convention, and he probably could have used the paycheck.
Don't sell this, the 114th Congress short. They did accomplish something. They passed Public Law 114-152, the National Bison Legacy Act which names the bison as the national mammal of the United States.
They also voted to name no fewer than 27 post offices after people you've never heard of (probably donors).
And they voted to repeal Obamacare for the 60th, 61st, 62nd and 63rd times.
If you mean jerking off in McDonalds to gun porn, then hell yeah. First and Second Amendment issues, right there.
I watch the Game of Thrones gay porn parody, "Game of Boners". Interestingly, there is less full frontal male nudity in the porn parody than in the actual HBO show.
http://www.cnn.com/2016/07/11/...
So, what you're saying is, "As goes McDonalds, so goes the local government"?
You're afraid that government's going to be run like one of the most successful businesses in US history?
It's funny the logical knots that "small-government" conservative libertarians can tie themselves into.
You say that as if you have first-hand knowledge.
Gosh, I hope you're right. If this is the case, I might be persuaded to vote Democratic again.
I have to admit that I'm conflicted as to whether or not to click that link.
Like God intended.
You gotta remember who you're talking to.
Wait a minute... people are watching beheading videos at McDonalds?
Man, we live in a sick fucking society. First porn and now this. Does anyone go to McDonalds just to eat a burger anymore?
Why do you hate America? I thought this was America, OK?