what if everyone stopped spending money

It HAS to. The consumer enjoys a better product by abstaining from other crap, and the workers have a much more stimulating career without worrying about non-livable wages and lay offs caused by the desire for cheapness above everything else. Business close? The system necessitates consumerism because its stability depends on never ending growth.Our economic exchange is unsustainable because it violates rules of exchange.The most fundamental rule in exchange is nothing can be created or destroyed.Our financial system fundamentally disagrees and it kinda makes sense as to why.When it first got moving it grew not by actually growing but by expanding the size of the system.So more energy was added but it's not that the system itself made more energy, more the size of the system grew so overall energy did too.This had the deceptive issue of looking like profit could actually work.

"That represents about 26 per cent of GDP," he said, or a quarter of the size of the entire economy gone. The signs of imminent failure are difficult for most people to see. One way is not to buy fast food but pack a lunch instead.

According to the United Nations’ Conference on Trade and Development, the global economic hit could reduce global growth rates to 0.5% and cost the global economy as much as $2 trillion for 2020. Obviously unlimited growth of any kind is impossible in a real system. It is highly unlikely that even the most dire events would lead to a collapse. This is essentially how people did things in the Great Depression, and the drying up of orders put 25% of the workforce on the streets, and THIS was in the day when the norm was that there was only one worker in a family out of a couple, 99.9 percent the male. I think the key is to not purchase things on credit. "Deposits act as a nice bit of insulation for the economy. Protecting yourself from a collapse is difficult.

What happens to the economy? It’s all very well and good thinking that you are going to spend X amount, but if you are way off target, that’s not going to help! 67 comments. Growth in a system comes from external systems. I was wondering, if every single person in, say, America and Europe stopped spending their money except only for base requirements, (food, clothing, heating) but that even then only very little was actually spent?

Lack of income would eventually cause the government to fail as well.The government would put out campaigns to promote spending, and increase consumer protection as well as other benefits, such as extreme tax cuts.Far left extremists, like Communists would take over, and after that we'd probably head down the same path the USSR did, unless some noble Trotsky succeeded in gaining power and saving us.Still have questions?

save hide report. I'm of the belief that a mindless consumerism in which people work to buy things they don't need and will never use in order to feel like they're succeeding in life is bad. By using our Services or clicking I agree, you agree to our use of cookies.

Favorite Answer. What happens to all the people who are employed to make that crap? Humans need the planet like it is to survive, not vice versa.New comments cannot be posted and votes cannot be castPress J to jump to the feed. Protecting yourself from a collapse is difficult. ""If households cut out everything else [excluding transport and insurance] — a pretty heroic assumption — then total spending would have been about $523 billion less in 2015-16 than it actually was," Mr Eslake said. 98% …

One We'll see how long it takes.you are already seeing early signs of it - been to the mall lately?

Rather than holding out till none of us can.The only thing at risk from us is us. Business close?

Michael Boyle is an experienced financial professional with 9+ years working with Financial Planning, Derivatives, Equities, Fixed Income, Project Management, and Analytics.Protect Yourself from the Next U.S. Economic CrisisThe Sovereign Debt Crises of U.S., Greece, and Iceland ExplainedWill the US Dollar Collapse? I believe William Morris wrote extensively about this idea so you might be interesting in looking into him.Also better quality items that actually function long enough to be repairable. More people would be employed, for example, hand crafting tables instead of a handful of people overseeing an automated line that cuts, paints, and flat packs thousands of cheap particle board trash that needs to be replaced annually. Well, here’s how to stop spending money on unnecessary things that you think are making you happy but not.

share. While they do facilitate lending, economists view savings as a 'leakage' of money out of the economy. It would encourage people to become police or corrections officers, etc.Every single business in the private sector would plummet and file bankrupcy in a matter of months. The good old days. And delete the rest! Archived. many national chains are gone.