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)
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The Global Financial Crisis »The Global Financial Crisis
Long-term causes of the financial crisis? »Long-term causes of the financial crisis?
Unustainable forces of production/consumption: Capitalism
Wage increases stop matching productivity in 1970's »Wage increases stop matching productivity in 1970's
Advertising consumption as the only measure of well-being/status »Advertising consumption as the only measure of well-being/status
Banks encourage borrowing to ensure continued consumption »Banks encourage borrowing to ensure continued consumption
colleges mischaracterize capitalism to support for central planning »colleges mischaracterize capitalism to support for central planning
Workers replace power in workplace with consumption »Workers replace power in workplace with consumption
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