They created the demand otherwise their supply would have been too much and the product would have been devalued or the company would not have succeeded.
I agree they were hugely successful, but without offering a product that people wanted to buy i.e. demand, they would never have had that success.
Just look at any second hand or 99cent store to see the flood of useless products no one wanted.
Right now there is a huge surplus of supply in labor and very low demand. That is why employers are in the catbird seat when it comes to wages and perks.
It’s the same with housing. Huge supply, little demand. That is called a buyer’s market.
“Just look at any second hand or 99cent store to see the flood of useless products no one wanted.”
Newt Gingrich’s books?
But how did they create it? Did they do it the way the government does it? You actually supplied the answer already:
offering a product that people wanted to buy [in other words, creating supply that didn't exist before]I remember during the economic downturn of 2002-2003, everybody was complaining about too much supply of dark fiber. The solution was to create a new supply of online content, faster computers, and faster networking equipment. Thanks to all that new supply, there is plenty of demand to fill what used to be an oversupply of dark fiber.
We need more investment, innovation, and more supply of things people want. That's what will get our economy going again and create jobs, not more demand side stimulus and subsidies from the government.