Perhaps Howard Schultz and today’s Democratic Party are symptoms of the same condition. Both the billionaire and the party with a lot of billionaires want to restore an era, a politics, and a political culture that seem increasingly foreign with each new tweet from the White House.
"We live in a strange time in which technical expertise and political animus are both in abundance. Indeed, both are distributed along ideological vectors in such a way that the weaknesses and failures of each are still considered acceptable to their affinity groups when compared their polar opposites."
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Firms investing more in capital than labor is evidence of low demand. Low demand saps productivity, which limits investment in new equipment and workers.