[MCN] State of the Economy: True or False?

[Lance Olsen]

“Consumer expectations of ever-higher living standards were fuelled by more lenient and readily available bank lending, 
 .... Social status and identity became closely associated with consumption, in particular with the concept of luxury. 

"Identifying oneself with the good life meant being able to live beyond traditional understandings of basic needs. 
Debt was the price one paid for the joys of being part of a hedonistic consumer culture.”

Kenneth Dyson. The Morality of Debt. Foreign Affairs. May 3, 2015

https://www.foreignaffairs.com/articles/2015-05-03/morality-debt



 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://bigskynet.org/pipermail/missoula-community-news_bigskynet.org/attachments/20170725/4d6fa26c/attachment-0002.html>