Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Don't forget also that credit (debt) industry and the you-must-consume ad industries are synergistic.

This is at the very least convenient for the ownership class.

It's a three way squeeze - cut down the amount of ready cash from income, pump up consumer desire to frenetic levels, and then offer cheap credit to make those exotic dreams possible.

If you count the bailouts it's a four way squeeze, because the bailouts are effectively another massive tax cut and rebate for the ultra-rich.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Mar 2nd, 2009 at 02:30:06 PM EST
[ Parent ]
Don't forget also that credit (debt) industry and the you-must-consume ad industries are synergistic.

True.

I can swear there ain't no heaven but I pray there ain't no hell. _ Blood Sweat & Tears

by Gringo (stargazing camel at aoldotcom) on Mon Mar 2nd, 2009 at 02:59:42 PM EST
[ Parent ]

Display:

Occasional Series