The funny thing about qr codes for restaurant menus to me, as someone that studied menu design. Is that actual menus are designed specific ways make the restaurant more profit and make it easier for people to find what they want. Whereas qr codes often bring one to a hastily designed list of categories which are not only less intuitive but also less manipulative. So people will end up taking longer to order less profitable dishes.
If you don’t have a smart phone in the US, even temporally, your almost a second class citizen.
Then if you don’t install corporate apps on your phone, there are even more problems for you.
My wife. Hey wait a second, that lamp looks odd…
I haven’t read this take yet, and I’m not an economist.
My point is that right now, boomers are doing everything they can to invest, so its a self fulfilling prophecy of ETFs and investment funds. Where everyone is buying in because the stocks are preforming well and the stocks are performing well because everyone that plans to retire is buying in.
However once boomers start to either sell their assets or die off, there will be a sudden surplus of stock and other assets in a pretty small window. And i doubt it will be a boon for the economy or the stock market.
Firstly, the covid pandemic was a multi year event. Secondly, publicly traded companies were enriched greatly from that time. Also it wasn’t conscious degrowth or a lack of ability, it was supply chain issues that caused products not to be available for purchase.
I’m sure this will be an unpopular opinion, but any publicly traded company no longer needs to post a profit. Boomers are retiring and 401ks ensure that these companies will make money purely from “value potential”. Maybe in 20 or so years as the demographics change this will be different, but this is how I see it going down today.
If all of America collectively decided not to purchase from publicly traded companies, and instead only bought from small local companies for just one month. I doubt it would even register on a YTD stock price chart. It would need to be a true philosophical change in how we consume products, and it would have to last for longer than a month to be effective. On top of that, only privileged households will realistically be able to “choose” not to buy consumer goods.
I think we should all buy less and be more mindful of where our money goes. I think we should buy locally and promote businesses that you agree with on levels beyond the value of the good or services they offer as often as possible. However, I don’t think we can effectively protest this way unless it was a true lifestyle change for a large portion of the country.
Even if we can shake trump and the maga party and head back towards the road to normality. We aren’t going to get rid of musk and other like minded billionaires from interfering with politics for a long, long time. At least not using legal means.