clock menu more-arrow no yes mobile

Filed under:

The Real Culprit

2008_04_bucks.jpgEveryone is pointing fingers during this economic crisis, but we didn't know until this day that it was Starbucks all along. Introducing the Starbucks theory of international economics, which proposes that the more Frappuccino joints in a country's financial capital, the more likely the country is to have suffered financial losses: "Like American financial capitalism, Starbucks, fueled by the capital markets, took a great idea too far (quality coffee for Starbucks, securitization for Wall Street) and diluted the experience unnecessarily (subprime food such as egg-and-sausage sandwiches for Starbucks, subprime loans for Wall Street)." [Slate]