techstepgenr8tion wrote:
Otherwise yes, we may well all end up equally poor (which some would claim doesn't bother someone who's for equality over liberty - it doesn't have to work or make the economy better, it just has to be fair to those with less).
I personally don't need material items, except for a reasonably comfortable life (ie I don't want to wash laundry in a tin tub). Electricity and heat and air conditioning and running water are nice to have too. Other than that, and internet access and a car (since I'm in California where the car is king), I don't need much. I have toured open houses featuring homes of upwardly mobile yuppies who are going bankrupt and I can't believe how they live. HDTV in the bathroom? $9,000 shower systems? Black leather furniture? Pots and pans as functional art in the kitchen? Granite countertops, all stainless steel appliances, the latest in electronics, not to mention a walk in closet as big as a small bedroom and a fake fireplace in the "master suite"? Sheesh. No wonder they're broke!
I wouldn't mind such overconsumers being brought down a few notches, or a whole lot of notches. Considering that a billion people on this earth live in mud and straw huts, I think Americans could stand to lower their standard of living. They don't have to live like people in Afghanistan, but nobody needs to live like American yuppies do. It's funny, after every crash the yuppies swear off materialism and say they're becoming monks. Then they get bored and start buying stuff again. Well, no more buying stuff, this time it's permanent, you make do with less.