Thursday, November 25, 2010

Unsustainable Consumerism As Economic Engine

Greece, Ireland, and now Spain is the target for bailout and austerity plan in order to satisfy their debtors.

All those countries had been following the once shining example of American consumerism and "ownership" society.

That trend of relying on consumerism to propel economic has proved unsustainable, yet some economists are hoping that tomorrow, the after Thanksgiving spectacle in the US, a.k.a. Black Friday, will rescue the US's economy.

On international level, they are preaching the once frugal Chinese to splurge.

Perhaps, it's time for the world to turn inwards and consume less precious resources, be a good steward of fragile earth, and rely on self-sufficiency more, and rely less on the unsustainable growth of economy for the basis of a wonderful and meaningful life.

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