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840. Re: Morning Metaverse Nov 1, 2013, 15:55 Beamer
 
Mad Max RW wrote on Nov 1, 2013, 15:47:
Nobody in the world buys more crap than America's middle class. Corporations and businesses generate the crap we buy. It's in their own best interest to not shrink the middle class. It's flawed logic to claim corporations are the reason they're shrinking in the first place. Now, maybe in 20 or 30 years it will be a different story with China and India overtaking us. And that's only if their own massive bubbles don't burst.

Meanwhile, Obamacare continues to unravel...

Obama donor’s firm hired to fix Web mess it created


KGW-OR: As Many As 150,000 Oregonians Will Lose Health Plan Because Of ObamaCare


My point is that no one is evil, sitting in a room going "shrink the middle class!" Executives negotiate their pay. They don't think about how it will damage the economy, they think about how it will help their retirement, or how it will help them pay for their kids' college, or how it will help them go on a better vacation then the husband of the women your wife is in a book club with, or whatever, basically the same thing anyone else things about.

Like I said anecdotally about the project I led to move US jobs overseas - no one was thinking about how it impacts the US economy. Moving those 100 jobs wouldn't make a dent. But when everyone is doing it...
 
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