The How Of The Economy – Other Pairs
In the previous part, we argued that money and value are increasingly drifting apart, which skews the whole economy as something that does not have an intrinsic value is becoming more worth things such as work and resources that do. We made a number of suggestions on how to pull money and value together. In this part, we will do something similar with the other five defining features of Capitalism, namely, propose the synthesis with their counterparts so that the economy can evolve.
There is no doubt that consumerism (mass production and mass consumption) played an important role in improving living standards for many people, but it has now outgrown its usefulness. Accelerated consumerism has actually become destructive in many ways.