Exploring Hydrocarbon Depletion
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QUOTE O’ THE DAY
"All we can do is analyze, aggregate, and synthesize bad news.
pstarr wrote:But only where necessary. The American consumer class is not necessary to the wealthy. Do not expect to be coddled, even defended in your old urban neighborhood or suburban tract home. Middle class suburbs will be downgraded.
Pops wrote:I'm kinda surprised losing income isn't first, not that this is in any way scientific - heck I don't even give the polls much thought when I write 'em.
pstarr wrote:But only where necessary. The American consumer class is not necessary to the wealthy. .
There is no “average” consumer in Plutonomies. There is only the rich “and everyone else.” The rich account for a disproportionate chunk of the economy, while the non-rich account for “surprisingly small bites of the national pie.” Kapur estimates that in 2005, the richest 20% may have been responsible for 60% of total spending....
The best way for companies and businesspeople to survive in Plutonomies, Kapur implies, is to disregard the “mass” consumer and focus on the increasingly rich market of the rich.
Agent wrote:Those are good business models, but the NUMBER of vendors who can successfully pursue this will be limited by the total number of patrons. Walmart and Target will fill the need for the rest of us. Is that so bad?
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