“ Paul Mason writes in Meltdown. “If wages have fallen, then who’s buying all the burgers, training shoes, six-packs, televisions and hair extensions that keep this army of low-paid people at work on six to nine dollars an hour? Heny Ford said you couldn’t have mass consumption without high wages, so where is the money coming from? The answer is credit: credit cards, shor-term ‘payday’ loans, zero-percent car finance, low interest rates and self-certified mortgages.
k-punk: ‘… and when the groove is dead and gone…’
