The American economy, was based on consumerism every bit as much as production.
Th more equitable the distribution of wealth, the more consumerism took place,
and a a result, employers and employees both did better long term.
As the gap widens the way it has been doing post Reaganism and trickle-down,
the general economy weakens--even the dot.com boom was very short lived.
The crypto economy will soon disappear.
This consumerism engine is also why it's only consumer goods and discretionary consumer services
that need to be in the for-profit private sector.
Everything else is accomplished more efficiently in the public sector,
and that's why America is becoming obsolete with its obsolete version of captilalism.