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December 16, 2013
The other half of the looming catastrophe concerns who is going to buy all the junk.
It used to be that “production” meant making stuff that people needed.You know: food, clothes, hovels, corn whiskey. There was more demand than supply. Then production in these things, agriculture for example, caught up and everybody had enough to eat. Consequently production went into things people didn’t so much need as want: refrigerators, telephones, Model Ts. Pretty soon they came to think that they needed the things they wanted, but never mind. Still, there was more demand than supply. For a while. -- Rust on the Iron Law of Wages
Posted by gerardvanderleun at December 16, 2013 3:20 PM. This is an entry on the sideblog of American Digest: Check it out.
Your Say
What Leftist DRIVEL disguised as cocktail party chit chat...a good example of why I tend to avoid "Taki".
SO: according to this perplexed whiz kid, it's ALL CAPITALISM'S FAULT that we have "too much" and allow ourselves to be distracted by useless non-essentials like airconditioning (I'd love to drag HIS ass down to Florida in August and try that).
No, noooooooooo...this screed is like the paean which preceeded the Talking Heads' song "Nothing but Flowers", in which the inhabitants rejoice of catching some wild animal and finally "have something for dinner."
This luddite, masochistically sentimental wish for self-destruction of the modern (God *forbid* I use terms like "developed" or "advanced", lest he label it a "want" reather than a "need") world.
Posted by: Kauf Buch at December 17, 2013 4:35 AM
Yeah, Kauf. I lived through what are now the good old days. They weren't all that good.
Posted by: BillH at December 17, 2013 7:40 AM