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ddnb | 2 years ago

> If the majority of the population is made redundant and unable to earn any income then what happens to consumer spending? It drops to zero and it takes the likes of Amazon, Walmart, and countless other retailers as well as manufacturers with it. Are they going to just let that happen?

This is a reasoning that starts with the idea there is some sort of global conspiracy of the global elite making agreements on what to do. I strongly believe there isn't, at least not on the level you are describing. There is however the underlying capitalist system that demands profit optimization.

If there would be some sort of new product or company that would make all other aspects of the economy obsolete but it would bring massive profits for the stakeholders it would absolutely be launched.

Companies don't make predictions on what might happen to the economy if they launch x, y or z.

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