There is a new phenomenon sweeping the globe. Lets call it corporate suicide and then explain when it started and how it evolved.
In economics outside of the fantasy free variety, consumer and aggregate demand are deemed to originate within the hearts, minds and souls of individual people. Add all of the numbers together and call that aggregate demand.
Now I am going to play a game of what is wrong with this picture. Let me explain what the issue is. Up through the 1950s Economics was pretty accurate in describing what demand consists of. That changed with the advent of sophisticated advertising. Continue reading
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