"By the end, multinational corporations bought cheap shit made in the Third World, marked it up 10x and sold it to jobless consumers. They were shocked and outraged when collapse 'came out of nowhere'"
"Corporate apologists constantly remind us that one day there will be..." self-driving trucks, drones to drop-ship packages to doorsteps, robots making hamburgers, computers doing every white collar job...
Perhaps. But unfortunately, there won't be any solvent consumers and no solvent corporations. And no free money bailouts for Wall Street. At which point all of the apologists for corporate automation and outsourcing will look like history's biggest fucking tools.
The chart of the week:
The top stock is a profitless delivery platform for shit made in other countries...
Fedex w/Amazon: The party's over...
