Charles Payne

38

30

29

3

Swipe your credit or debit card

30

43

24

3

Drive while you're driving, walking or biking

21

36

39

4

Meet while travelling away from home

19

49

29

3

Flying Cars to the Rescue?

Maybe the Trust economy won't come to the rescue, after all. The hype may just be overblown.

If so, it wouldn't be the first time. An article in the Atlantic reprints a NY Times editorial from May 2, 1938 titled "Prosperity out of Fantasy" which suggested that where new industries and products like televisions, air-conditioners and flivver airplanes ("Model T of the Air") failed to produce good wages or heavy sales, maybe "Industrial Fantasy" would do the trick.

(Wow, who knew we almost had personal airplanes almost 100 years ago.)

The Disney Magic Touch

Walt Disney's early success had many thinking Industrialize Fantasy would be the answer, after all, Snow White and the Seven Dwarfs needed an army of artist, animators, gagmen and then showered fortune on playhouses.

Moreover, the byproduct of toys was remarkable with Snow White alone garnering 117 licensing deals alone. (And you thought that was a recent phenomenon, too.)
Well, Disney was on to something big, but it wasn't big enough to end the recession which took the Great War that brought women into the work place and forever shifted the paradigm of capitalism in America.

So, is the trust/sharing economy Mickey Mouse in the wrong sense of the phrase? It remains to be seen, but it's really amazing that the more things change, the more they stay the same. The bottom line is that America is built to rebound and will this time as well.


Charles Payne

Charles V. Payne is a regular contributor to the Fox Business and Fox News Networks. He is also the Chief Executive Officer and Principle Analyst of Wall Street Strategies, Inc. (WSSI), founded in 1991 which provides subscription analytical services to both individual and institutional investors.
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