That’s what they’ve been doing already. It already caused the 2008 financial crash with mortgages. The answer then was to throw around QE money to corporations like a socialist dressed up as Santa Claus and reduce interest rate to 0%.
Comment on What will happen to large companies once poor people have no more money to use?
shish_mish@lemmy.world 6 months ago
They will give the poor credit, buy now pay later, till there is nothing left to squeeze out of them/us.
SlopppyEngineer@lemmy.world 6 months ago
aeronmelon@lemmy.world 6 months ago
Apple devices led to Apple Pay, Apple Pay led to the Apple Card, the Apple Card led to Apple Pay Later (installments). Now there are rumors that Apple will offer loans to cardholders.
Harbinger01173430@lemmy.world 6 months ago
Google pay now, when?
gimpchrist@lemmy.world 6 months ago
Yeah but what happens when there’s nothing left though
Restaldt@lemm.ee 6 months ago
You’ll owe your soul to the company store
nexguy@lemmy.world 6 months ago
If there are suddenly far fewer getting a paycheck there is still voting. I wonder what droves of the unemployed will vote for?
Cruxifux@feddit.nl 6 months ago
It’s irrelevant when neither parties do anything meaningful for the working class.
DontTreadOnBigfoot@lemmy.world 6 months ago
Same thing they vote for now - whichever candidate’s lies sound better.
Ultragigagigantic@lemmy.world 6 months ago
What if you artificially limited the options at the voting booth using a first past the post electoral system?
gimpchrist@lemmy.world 6 months ago
Who do you vote for when you don’t want any of them
kambusha@lemmy.world 6 months ago
You can see this in Argentina. You can buy pretty much everything in installments. Trips, clothing, electronics, groceries - pay in 3, 6, 12 installments.
psion1369@lemmy.world 6 months ago
Like I can with Klarna, Affirm, Zip, any number of credit cards, etc.
rufus@discuss.tchncs.de 6 months ago
I think this is the answer. They also need to advertise correctly so people feel the need to finance a $70.000 truck instead of buying a small used car for $4.000. Of course with interest and their credit score people will end up paying like double the price anyways.
Another option is to offer crappy versions of the same thing that are more affordable but break earlier. That way you also pay more over the years.
PlutoniumAcid@lemmy.world 6 months ago
Vimes’ theory of boots!
rufus@discuss.tchncs.de 6 months ago
Ah, thanks! I knew there was a name for it but couldn’t remember.
Boozilla@lemmy.world 6 months ago
So many useless pavement pricess pickup trucks.