Hm, according to the New York Times, the latest ‘crisis’ for our economy will be consumer spending, where people stop spending money they never had on shit they didn’t need. Now, I’m no expert on anything, but why is it that economists act like people have some sort of political-moral obligation to spend money on consumer goods? Seriously.
I know we call our contemporary lifestyle a ‘consumer culture,’ but that’s probably a lie – our economy doesn’t actually benefit consumers, nor does it particularly care about them, as long as they spend money. Spending doesn’t benefit them because the point of purchasing is creating a profit for the folks who control the stores and machines that create the things bought.
Not spending is a perfectly rational, reasonable decision – it’s the realization that your interests don’t coincide with the people producing things, because they are trying to profit off of you. An economy that relies slavishly on continual spending is bound to fail, morally and politically.