Front page of CNN

money.cnn.com/2017/04/22/news/credit-suisse-retail/index.html

Brokerage firm Credit Suisse said in a research report released earlier this month that it's possible more than 8,600 brick-and-mortar stores will close their doors in 2017.
For comparison, the report says 2,056 stores closed down in 2016 and 5,077 were shuttered in 2015. The worst year on record is 2008, when 6,163 stores shut down.
"Barely a quarter into 2017, year-to-date retail store closings have already surpassed those of 2008," the report says.
If stores do close at the rate Credit Suisse is projecting, it could mean America will lose more than 147 million square feet of retail space this year.


Among the casualties announced so far this year: Bebe said it's closing all of its retails spaces, JCPenney (JCP) announced plans to shutter 138 stores by July, Payless ShoeSource is closing hundreds of stores, and Macy's (M) said it's shutting down 68 locations.
And onetime retail powerhouse Sears – which also owns Kmart – said in March that the company has "substantial doubt" that it can survive.


Looks like Capitalism is going into another serious crisis again. How does porky respond?

Other urls found in this thread:

youtube.com/watch?v=8tVmSHEIKwk
twitter.com/NSFWRedditImage

Amazon will Jack up their prices and then retail space will be more profitable again.

Welcome to the business cycle you stupid subhuman kike.

The same way Porky always respond: Regulations kills buisness111!!111

That's more like analog photography btfo by numeric photography and shops were you could develop the films going bankrupts.
Or record dealers buttfucked by Internet.
Pure mathematic economic models cut of from any material basis are meaningless.

Impyling amazon is the only retailer.

Physical retail is done. If amazon jacks up its prices another online retailer will take its place. The market has no need for physical retail anymore.

...

Porky will respond with my basic income.

Left liberals will introduce it first and conservatives will eventually support a watered down version which will enivitablely be the one that passes.(it has to be the absolute bare minimum to sustain capitalism, which is why they will ultimately fail)

Basic income is a shit rliberal reform still and we must refraim the debate towards actual socialism. Do not work with the so dems on their version of basic income.

This will be mainstream public debate in 5-10 years

Meant muh

The only way to solve this is with wealthfare states. Suckdem is the future after all.

*Keynesian economics.

Or y'know, ideally we could overthrow capitalism as a whole.

This. See Zizek: youtube.com/watch?v=8tVmSHEIKwk

Capitalism will always pull shit like this to recover from its internal contradictions. No, capitalism will die from its external contradictions, either with nuclear war, or environmental catastrophe, unless we manage to destroy it.

People really buy clothes online?

Anything to not get up from the chair

they've been talking about this since at least the 70s

it won't happen

a lot has changed since the 70's.

Why not?

What will the people coming out of the retail sector do?

Work for amazon as they've been doing in Wales.

They were experiencing a crisis and had amazon build one of their hubs there (ie they offered massive deregulations for them). All the failed storeowners went there because it was the only thing they could do.

I'm talking about middle aged people going around running in a sprawl sized warehouse because they couldn't do anything else.

Besides, it's not like capitalism isn't infamous for making up jobs all the time. Telemarketing only exists because of large unemployment rates in the 90s. You think people would be doing that job if unemployment were

Porkies always got richer after a crisis.

which eventually will be replaced by privately owned fleets of automatic cars

Ohh, eventually. Ok.

B A S I C E C O N O M I C S