Avoid the money trap
Capitalist economies work on the basis of constant consumption. To keep the wheels of the economy turning people need to keep spending money. So, companies need to keep coming up with new things for us to buy, new fads and fashions, new technological gizmos and so on. Alongside this is the tendency for success in life to be measured in material terms – not just the size of one’s bank balance, but also signs of what has come to be known as ‘conspicuous consumption’. This involves displaying symbols of wealth and standing: expensive cars, designer clothes, being seen out in the most expensive restaurants, and so on. Of course, these two phenomena are not separate. This is because all this…
Dr Neil ThompsonMay 4, 2017