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Originally Posted by MetaMan
The billionaire normally creates the jobs that allow 1000 people to buy memberships. When you make it unprofitable for the billionaire to keep helping to provide those 1000 memberships they close shop. Thus you just lost 1000 memberships.
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This used to apply when Manufacturing was based in the West.
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Businesses are closing because the climate to make money is more difficult. Normally the climate is put in place by idiotic government policy that makes it to hard to operate. There is more wealth in the world then ever. Wealth is not a 1 sum game.
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Like Banking with a handful of people making huge money and buying lattes? Again you're thinking is limited to the past. When the 1,000s of people were making goods in the West, the money circulated. Now it goes out of the West.
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Im always surprised when "business" people talk like this. Well im not because youre opinions are not ones a real business makes. Or a successful one anyway.
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I needed successful companies to buy my product, they needed lots of members to buy, once the pool of customers drops. Revenue for businesses drops.
How much do you sell to China? As the first or second largest economy, the figures should be on par with the US.
My attitude towards business during the 70s-1990s were exactly like yours. Now I've changed and see cities like Detroit which was once a powerhouse, struggling and the West's debt mountain growing.
There has to be some better thinking than there is now. Because at this rate the consumer (of imported goods) based economy will break. We all need better-paid people than Walmart employees, of Chines factory workers, to buy our products.
Because a billionaire banker only needs one of everything.
