I remember reading in John Berger’s book “ways of seeing” that must advertising is geared to poor people. For example you can tell you are in a poor neighborhood when the neighborhood is saturated with billboards. Where in wealthy neighborhoods you usually don’t find billboards. Also rich people don’t buy lottery tickets.
On the other hand a many economists think that FDR' policies caused the Depression to last around 7 years longer than it should have. There were depressions before but none lasted as long as the one in the 30's.
I remember reading in John Berger’s book “ways of seeing” that must advertising is geared to poor people. For example you can tell you are in a poor neighborhood when the neighborhood is saturated with billboards. Where in wealthy neighborhoods you usually don’t find billboards. Also rich people don’t buy lottery tickets.
On the other hand a many economists think that FDR' policies caused the Depression to last around 7 years longer than it should have. There were depressions before but none lasted as long as the one in the 30's.
As usual, excellent description of our current skewed economy.