What would happen if Americans stopped buying new consumer goods for a month?
CubitOom @ CubitOom @infosec.pub Posts 10Comments 641Joined 2 yr. ago
CubitOom @ CubitOom @infosec.pub
Posts
10
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2 yr. ago
I'm sure this will be an unpopular opinion, but any publicly traded company no longer needs to post a profit. Boomers are retiring and 401ks ensure that these companies will make money purely from "value potential". Maybe in 20 or so years as the demographics change this will be different, but this is how I see it going down today.
If all of America collectively decided not to purchase from publicly traded companies, and instead only bought from small local companies for just one month. I doubt it would even register on a YTD stock price chart. It would need to be a true philosophical change in how we consume products, and it would have to last for longer than a month to be effective. On top of that, only privileged households will realistically be able to "choose" not to buy consumer goods.
I think we should all buy less and be more mindful of where our money goes. I think we should buy locally and promote businesses that you agree with on levels beyond the value of the good or services they offer as often as possible. However, I don't think we can effectively protest this way unless it was a true lifestyle change for a large portion of the country.