Unustainable forces of production/consumption: Capitalism
  • Advertising creates unsustainable needs
  • Wellbeing/status measured by consumption
  • Wages stop growing equal to productivity in 1970's
  • Workers exploited more > solace in consumption
  • Encouraged to Borrow Unsustainably
see http://vimeo.com/1962208 (Rick Wolff)
CONTEXT(Help)
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The Global Financial Crisis »The Global Financial Crisis
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Long-term causes of the financial crisis? »Long-term causes of the financial crisis?
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Unustainable forces of production/consumption: Capitalism
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Wage increases stop matching productivity in 1970's »Wage increases stop matching productivity in 1970's
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Advertising consumption as the only measure of well-being/status »Advertising consumption as the only measure of well-being/status
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Banks encourage borrowing to ensure continued consumption »Banks encourage borrowing to ensure continued consumption
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colleges mischaracterize capitalism to support for central planning »colleges mischaracterize capitalism to support for central planning
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Workers replace power in workplace with consumption »Workers replace power in workplace with consumption
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