retail support brigade

We’re doomed unless we can learn – an ominous case study

Anyone paying attention knows that America shops too much and saves too little.  Fifty years of this has left a large fraction of households at the brink of bankruptcy, and the nation grossly indebted to foreign nations (e.g., Japan, China, members of OPEC).  Yet every month sees Wall Street cheer when we spend more than …

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Future generations will never understand our shopping madness

Summary:  The madness of early 21st century America will baffle future generations.  Esp our determination to spend ourselves to destruction, borrowing to maintain a lifestyle beyond our income. Our cure requires looking at ourselves, seeing past our optimism and hubris to the causes of our problems:  as Michael Jackson says, the man in the mirror.  …

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