$1.80 dinners and budget clothes? The spread of frugality is hurting China's economy - eviltoast
Chinese consumers have become increasingly frugal. Experts say that's bad news for the country's economy.
  • Ilovethebomb@lemm.eeEnglish
    57·
    2 months ago

    It’s disturbing how much the global economy depends on us buying shit we don’t need.

    • rbn@sopuli.xyzEnglish
      29·
      2 months ago

      I guess if we as humanity focused on producing only high quality and essential, basic products (food, housing, clothing) + the tools and processes that we need in the supply chain, we could massively reduce labor and reduce our ecological footprint at the same time. But our current economical system is depending on everyone doing something, everlasting growth and consumption.

      • Ilovethebomb@lemm.eeEnglish
        5·
        2 months ago

        I tend to run vehicles until they die as well, but that’s mostly because kayaks and mountain bikes are far more interesting.