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Pathological Consumption

May 15th, 2008 | By Addison Wiggin | Category: Politics & Economics

Most people can relate to the realities of how jobs and profits shift, and why. The idea that higher-wage manufacturing jobs are being lost and replaced by lower-wage retail jobs, for example, is a reality that working people understand. They get it.

Tags: Alan Greenspan, Brazil, Budget Deficit, china, Colombia, Conspicuous Consumption, Deficit, economics, fed, India, Manufacturing Jobs, politics, Power Of The Dollar, Russia, Spending Power, Trade Deficits
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