"A consumer economy is an economy largely dependent on end consumers rather than intermediary businesses (i.e., companies which produce things)."
"Rich investors are not investing in companies because consumers are not buying the products that corporations produce. And where mainstream economists blame "consumer confidence" for this problem, the real issue remains "consumer impoverishment."
The "consumer economy" referenced by virtually all establishment economists and corporate media today is a fraud. It is a nomenclature required as a result of a forced "free trade" scheme serving to largely destroy our manufacturing base and what was a once far more independent and stable economy.
Once the means to protect any high standard economy were removed by "free trade" agreements imposed by ruling elites, the "service economy" myth also had to emerge to forestall dissent against the evisceration of what were once far better balanced and higher standard economies as opposed to the emerging paradigm of forcibly dependent First World economies forced to compete with the "comparative advantage" greater-slave countries for their goods and services production.
What were once relatively independent First World economies have thus been made forcibly dependent to their detriment all due to an un-elected WTO (World Trade organization), to treaty powers not requiring the assent of the vast majority of people who make up the economy and society, to elected representatives dependent upon large corporations for their campaign money and favorable media exposure, and to bankers who own the right to create our own money and credit.
The consumer economy tale is simply a fascist construct necessary to make you think you still have an economy while it is being progressively dismantled by forced competition with the greater slave, and given the ability of multinational corporations to extort all higher wage and standard countries until they are no longer that.
"Harmonisation" downward to complete dependency and the lowest level of wages, standards, and democracy is the very goal of those who now rule our lives.
Clearly, any higher standard country and economy being steadily eviscerated by forced global competition is one that is losing both jobs and consumers. There is no such thing as an unemployed consumer, and we now have lots of those.
Further, ruling elites like to reduce you to a consumer and not a citizen, as the term citizen implies some democratic participation, equity, process, and say in the very structure of your society and economy. Sorry, you're just a consumer on the way to being a non-consumer because you are not still lowering your wages and benefits enough, and still not supporting not taxing those immense corporate profits from around the new, no-exit, "interdependent" neo-slave world.
With our "jobless recovery" an oxymoron for sure - we can't have a consumer driven economy, only a welfare and deficit spending economy and one made far worse by the fact we have to borrow every government dollar from a private central bank at interest... truly the greatest scourge of humanity.
So, from forced free trade to jobless recovery to deficit spending to currency devaluation, to depression and deflation, then onto eventual inflation the dismal path is clear. In short, your "consumer-driven economy" is running out of steam, and your democracy is a sham.
We cannot have prosperity or democracy, or any real economic recovery so long as trade and treaty policy determinations remain undemocratic and unrepresentative of the will of the vast majority.
We cannot have real freedom and prosperity as long as we, the people, do not own and control our own money and credit policies, and affect them thru a public central bank. We cannot change our dismal station until the people control the media airwaves they supposedly own but which remain controlled by a few mega-corporations with little or no interest in the public interest as they are now simply profit-driven, mass-distraction, shills for the banksters who pull the strings and regale us in their media with fish tales of a consumer-driven economy.
We've seen this trek down Dismal Street before, with the same bankster forces running the game. In this latest episode we also have the same old problem with the very people elected to represent us. Witness the "New Democrats" in the Clinton administration were busy selling out the country with their trade deals and then Secretary of labor, Robert Reich, who stated that we need not worry about losing our manufacturing base as we would all become "symbolic analysts." He confidently proclaimed that we would have a new economy of thinking people who do not make anything and this he promoted in a nation with a fifty per cent illiteracy rate! He titled his book The Work Of Nations, when he really meant the working over of nations.
The consumer-service-economy baloney was really flowing at that time, as it is today, in order to sell the people on NAFTA's forced trade and overlord rule by an un-elected WTO. In short, these "New Democrats" became the New Fascist corporate lackeys. Today we now hear Obama declaring himself to be a "New Democrat" which as we have come to learn is simply code for screw the working class.
Lookout America, because it means corporate fascism all the way, and you can bet on it because Goldman Sachs has moved into the White House to make sure this is the case... and they now have the banking "reform" to prove it.
So where are the old democrats? You know, those who used to support the vast majority of wage-earning Americans as opposed to giving big corporations and capital everything they want. It appears they are a dwindling few today thanks also to "our" Supreme Court and its plutocratic view of money as free speech. With free money we might actually have some speech!
Now that our Supreme Court has turned fascist, we are faced with the only real alternative a new Constitutional Convention to recapture our democracy, our freedom and a better balanced and more just economy. There seems to be no other peaceful way out then to trudge the long and hard road thru the fifty states to ratify such an event. With the power of money now so supreme and avaricious, only a re-visitation to our Constitution, and its many antiquated and oligarchic concepts, is likely to produce real reform and enable escape from the clutches of big money and its obscene power to deform and destroy society, economy, and democracy.