Value the means of producing wealth more than the wealth itself
Consumerism [is] the natural result of following the money-centric perception of capitalism to its natural end. It is the valuing of money capital and it's power to purchase leisure goods over human capital and it's capacity to produce wealth. It is the notion that having the fancy goods is the goal, rather than being a skilled producer.
Monetary and credit excess and the culture of consumerism form a self-defeating cycle. Consumerism always wants more credit to buy more goods - because goods are the end, and the means by which they are obtained is irrelevant. Excess credit and monetary expansion erode the value of money relative to other assets, causing inflation [...] and this encourages consumerism through motivating spending rather than saving, as well as allocation of capital to hard assets such as real estate and commodities. The cycle eventually defeats itself in a spectacular collapse...
No comments:
Post a Comment