"Exactly, we're already beyond the limits of what we can consume. "
No, because in 1960 everyone had the same thing.
Now - you get programming for your niche, which is different than that of the dude next door.
Take clothing: even in the year 2000 people did not really wear fashion. We had 'the Gap' and not much more. Everything else was expensive.
'Fast fashion' has changed the world. Young people can now afford an absurd variety in fashion. Nobody 50+ ever thought you needed a 'new pair of pants' every season. Now it's normal. Clothes are almost disposable. That's a consequence of increased productivity and adapting demand.
But a lot of that is subsidized through globalization, which nearly every colonizing country is eschewing. Without it, 80℅ of your users and customers can't afford clothes or phones or apps. It's all subsidized through foreigners plights and profited upon wildly. Watch what happens if that goes away. The neoliberal idea of the world was born to stop a revolution in the western world - instead of paying people fairly, they just exploited other countries through capitalist guises instead of barbaric colonisation. If the new answer is that everything has to be made in the nation, no one can afford anything without some sort of basic income/welfare, which the masses will vote against because they've been trained to hate recipients of such social programs for the last half century
"But a lot of that is subsidized through globalization, which nearly every colonizing country is eschewing."
"It's all subsidized through foreigners plights and profited upon wildly"
This is highly speculative, and I don't think in any way substantiated.
"they just exploited other countries through capitalist guises instead of barbaric colonisation."
Borderline racist.
American consumers are fuelling a massive wealth creation boom in places like China and India, where 100's of millions are coming out of poverty.
Trade is generally good for both sides, and it has benefited China/India etc. massively.
It's funny what you call 'exploitation' is 100's of millions of people with massively increasing wealth.
If you want to see China and India desperately poor again, we can 'turn off globalization'. A few more Americans will have jobs, but it will be back to the dark ages for many economies.
>In 1960 there were 3 channels. In the 1990's 50. Now it's 100's + online offerings.
Exactly, we're already beyond the limits of what we can consume. There won't be jobs producing more stuff when there is no one to consume it.