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hcx56

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Most people on the planet dont have enough cash in their wallet to pay the rich to entertain them.

So the rich find abnormal routes to self delusion of sucess.

How do such such systems Scale when the majority dont have high disposable income?

1. "McDonaldization of Society" covers the path McDonalds took. Its drilled into anyone who goes to B-school.

2. Get Other corporations to subsidize consumption to make their crap sticky(loyalty programmes they call it) - so you have firms with massive cash mountains like AT&T/Comcast/Apple/Amazon/Reliance etc bundling content to push their trash

3. Total Attention available is a finite resource. As content exploded with the internet all corporations got sucked into wars of Attention Capture. So we get an era of Marketing/Advertising/Demand engineering budgets growing at faster rates than actual product design or product quality budgets. They have learnt attention capture or theft is enough to get corps to pay the bills. Quality is optional.

4. Dependence on low interest rates, global interest rate/corp tax rate/labour/forex arbitrage and Banks to issue high interest credit to the sub prime masses. M&A to swallow up competition. Basically Financilization, where financial engineering can allow firms to hit revenue/growth targets irrespective of quality of good or servive playing these games, naturally quality goes into background.

These have all become runaway processes that no one controls anymore.