Earlier quoted context omitted.
Car manufacturing grinds to a halt. Remember what happened to auto prices in 2022? 10x that. New appliances cannot be manufactured. What dos the absolute absence of new durable goods do to the economy? There’s no new iPhone for five years. No new electronic hardware at all. What does Apple stock do? Own any index funds? Those tank too. Rinse and repeat Thinking of it as “affordable pcs” is exactly wrong which is actu…
A dishwasher with a WiFi chipset is not a durable good. Nor is a fridge with a touchscreen, an oven with Bluetooth. You know what is durable? The simple and straightforward electromechanical mechanisms we used for three centuries before integrated circuits. One can find plentiful examples of midcentury and older appliances still in service without major maintenance. It's tough to find a modern appliance in service fo…
Most of the rest are in state of apathy if they have enough time to think about earth.
Others are barely surviving.