Paul Kedrosky's Infectious Greed
Finance & The Money Culture
Graham Hill on the merits of less stuff.
I'm all about living simply; I respect his "Ikea idealism." I can't help but to think, though, about the paradox of thrift effect that might be imposed were even 50% of Americans to "trim" as he so suggests.
Maybe less IS more, as he says, but wouldn't mass-adopted decreased consumption also be MORE poverty and unemployment? (as the trickle-down of decreased consumption would inevitably make its way through the entire system)
To his point, though, my old college dorm room and its pedestrian / bike friendliness beat the heck out of a large tract house in a gated country club.
Not necessarily. If the money currently spent on useless things we never use was put to more productive use, it would be a net gain for the economy. Alternatively, more people leading simpler lives may require lower incomes, thus allowing for more broad-based hiring.
When traveling to India, I was encouraged to litter because it provided a menial job for someone to pick up the litter. That didn't make sense to me, and I don't think it is all that different from the idea of not being thrifty for the sake of saving jobs.
Paul Kedrosky‘s Infectious Greed
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