Shoppers took to stores across the world on a Black Friday that appeared subdued compared with prior years, looking for discounted electronics, clothing and household goods in the kickoff to the holiday shopping season crucial to big retailers.
It’s not so much that people are choosing not to participate in mindless consumerism, but rather that they can’t afford to. This is an indicator that a classic capitalist crisis is unfolding where people’s income has become so low that they’re no longer afford to buy goods. This in turn means that businesses start losing profits and lay off employees, which further feeds into the crisis.
It’s not so much that people are choosing not to participate in mindless consumerism, but rather that they can’t afford to. This is an indicator that a classic capitalist crisis is unfolding where people’s income has become so low that they’re no longer afford to buy goods. This in turn means that businesses start losing profits and lay off employees, which further feeds into the crisis.