Re: Infinite Economics
People can't buy what they can't afford.
Example: in the U.S. new car sales averaged 10 million vehicles per year during the 1970s and 80s. After the Saving and Loan disaster and resulting recession, car sales have never reached 9 million again with the average being 8 million in the 1990s and then 7 million in this century.
Why? The 3 recessions from the late 1980s to now have destroyed that much disposable income of the potential buyers.
https://www.statista.com/statistics/199974/us-car-sales-since-1951/
Killing the golden goose, customers, is considered a bad idea. Why American capitalism thinks this is good idea is beyond me.
