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« A Depression Compendium | Main | Subprime x.0 »

February 02, 2009

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This is a great article. I have recently been in Munich, where a tiny shop still sells handmade shoes. They cost about twice as much as a good quality factory pair (or about five times as much as China made new Nike's), and they last for years. Unfortunately, they make only men's shoes.

This is really extremely bad news. I understand that Manolo's start at $ 575 or thereabouts. Fixing a pair at $ 40 or so means that the economy is deprived of -at the very least- $ 535. This sort of behavior os obviously causing untold hardship upon the U.S. economy, leading to huge loss of jobs, personal suffering, and quite possible multiple suicides. I think the entire business of repairing broken things should be made illegal. Any person attempting to fix anything, instead of throwing it away and purchasing new stuff, should be prosecuted for a variety of crimes.

Everybody should get steel-toed shoes - in case you need to fling them at a politician.

The $20,000 for equipment to get in business for oneself doesn't look so big when you compare it to the cost of a four year college degree. Seems like the cobbling equipment may be a better investment than the degree. The future sure looks brighter for cobblers than for liberal arts grads.

I expect that we will return to a barter economy. I get my shoes fixed, and the cobbler gets the equivalent of $ 20 of Wise Thoughts and Deep Insights. As a liberal arts graduate myself, I've got lots and lots of Thoughts and Insights, and I can produce them at almost no costs. Now, what types of Manolo's would look good on the lower end of a middle-aged male?

I think this just proves that time wounds all heels.

Just a matter of time before Jim Rogers starts recommending the cobbler profession to Wall Street MBA-types.

BTW, I visited a cobbler back in the late nineties to have a pair of loafers re-soled. They did an incredible job...

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