It’s also wrong that this has a negative effect on the economy. If people consume less and save more, those savings will be invested by banks in businesses.
Interesting thought experiment. but if hypothetically, we all stopped buying apple products, but instead using that money to buy apple shares (what a bank would do). Would that be better or worse for Apple? could they still pay their staff (ignoring the fact that apple would fire everyone and rake in the money).
It’s also wrong that this has a negative effect on the economy. If people consume less and save more, those savings will be invested by banks in businesses.
Interesting thought experiment. but if hypothetically, we all stopped buying apple products, but instead using that money to buy apple shares (what a bank would do). Would that be better or worse for Apple? could they still pay their staff (ignoring the fact that apple would fire everyone and rake in the money).