[lbo-talk] The over-leveraged consumer

joanna 123hop at comcast.net
Sat Oct 15 10:27:11 PDT 2005


Willy Greenfields wrote:


>Most troubling in all this is the reaction to treat
>the over-leveraged consumer (i.e., the person who
>along with all our foreign creditors is fueling what
>little economic growth we've managed despite the
>Bushites) as an irresponsible moral degenerate when
>there are real structural reasons why people are
>spending what (and how) they are.
>
Not sure what you mean by "structural." Greed is a human possibility, seriously pumped up by constant brainwashing/advertising urging us to consume even more -- is this what you mean?

joanna



More information about the lbo-talk mailing list