Lower-Income Individuals 'Already in Recession,' Says Atwater (youtube.com)
A $2000 stimulus check, just like during the Pandemic measures, flows through the lower class to their lenders. Their lenders are able to stay more current on their books. The money moves to the upperclass who just save it. 'That's not growth.' ‘They’re a conduit'. We've hallowed out enough of the middle class that it becomes concentrated savings among the upper class.
Delta recently said they make more money from the front of the plane than the back, for the first time. Economy is very dependent on a small number of people.
NYC election, voters moved not left or right, but moved down. Progressivism. Mamdani's base has more in vommon with Trump's base than it realizes. ‘Shared dispair leads people to come together across history.’
People are used to the idea that Apple or Microsoft or whoever can move frictionlessly between environments (countries), but that's no longer the case.
Before people moved capital around to maximize the efficiency of the manufacturing process, sales process, transport. Optimized supply and sales chains. Capital and labor flowed freely between places. Now it's about local resilience.
Global corporations will be expected to carry a single passport, maybe. Abandoning other markets.
The shareholder isn't first anymore. At best, he's 3rd or 4rth. In the environment of dominant leaders.
A bubble in immorality. No shame, sense of right or wrong, anything goes cause you'll never catch the upper class. In the lower class, a sense of defeatism, rise of gambling.