Now the economists complain we're not shopping enough

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Peter Boyle writes that Now the economists complain we're not shopping enough.

Boyle quotes Nick Hanauer from his essay “The Pitchforks Are Coming… For Us Plutocrats”:

The thing about us businesspeople is that we love our customers rich and our employees poor. So for as long as there has been capitalism, capitalists have said the same thing about any effort to raise wages.

This highlights the fundamental cause of crises in Capitalism: underconsumption. The workers can only buy commodities with money they earn through labour. It is possible in the short-term for credit to be used to fill the gap, but as was seen in the GFC, this only delays the inevitable.

Hanauer concludes that:

If we don't do something to fix the glaring inequities in this economy, the pitchforks are going to come for us. No society can sustain this kind of rising inequality. In fact, there is no example in human history where wealth accumulated like this and the pitchforks didn't eventually come out. You show me a highly unequal society, and I will show you a police state. Or an uprising. There are no counterexamples. None. It's not if, it's when

Although this is welcome, the revolt could more likely end as a Fascist state because of the low political consciousness of the workers.