Wednesday, May 20, 2009
Deleveraging consumption, leveraging an alternative
Isn't amazing that until recently, America's GDP was 70% consumption? As consumers are in the process of deleveraging massively, this number is likely to go down and if the economy is to remain the same – or grow, what should take the place of excessive consumption? My thought is that the best route is to move towards innovation and quality. Not just in terms of what goes into products and “stuff,” but also into services, idea, processes, in our general approach to life in general, from lifestyle, education, culture, environment, all the way to health care. I won't say more for today, I just wanted to plant a seed, but promise that I will revisit that important subject very soon...
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