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Comment by ujkhsjkdhf234 | Hacker News Reader

You have a group of shoppers that are boycotting brands they feel have backtracked on positions they previously held and you have income inequality getting worse so people can't afford the things they used to. Companies will feel the squeeze on both sides of those things.

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Inequality getting worse is definitely going to start impacting company sales more and more. IMO we are watching the math of perpetual "growth" hit a finite world.

I mean, the middle class finally died a decade ago and all the money was siphoned off to the top. I don’t think is has much to do with growth in it of itself

The upper classes have extracted growth from a slowing curve by carving more and more out of the middle and lower classes. To them it looks like growth, but it's really just stealing from the bottom to pad the curve.

Exactly, now they're out of other peoples money.

Recessions happen all the time. What makes you think it's not that but "perpetual "growth" hit a finite world"? What bottlenecks are we running into that's causing growth to stop?

I mean, the extremely obvious answer is tarrifs at the moment.

Tariffs might be a cause of the next recession, but they aren’t a sign of some fundamentalists on perpetual growth like OP was asking about. They’re just the arbitrary doing of one man.

i think things they are producing are not that tempting anymore.

Given the success of Wish, Shein, and Temu, I don't agree with that. People want to buy stuff even if its complete trash.

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