Is Consumerism needed to make the US economy healthy? Essay
Is Consumerism needed to make the US economy healthy?
When we define consumerism, we see that it is the protection or promotion of the interest of consumers. In other words it is the preoccupation of society with the acquisition of consuming goods,; however the theory that an increasing consumption is beneficial.
The United states face a colossal challenge, an economic affliction of great proportions. For decades wehave piled deficit upon deficit, mortgaging our future and our children’s future for the temporary convenience of the present. To continue this long trend is to guarantee tremendous social, culture, political, and economic upheavals. The economic ills we suffer have come upon us over several decades.
They will not go away in days, week, or months, but they will go away. How does the situation appear today? A 2009 report of the U.S Department of Housing and Urban Development state: “increasing numbers of people are vulnerable to overburdened infrastructure, inadequate housing, and outmoded health system. In fact the United Nations agency UNHABITAT projects that within three decades, one of the three people will live in near total despair lacking sanitation and clean water, exposed to the imminent effects of diseases and possible pandemics.
The U.S economy is still not good unemployment at 7.5%, wages for man who do have jobs are stagnating, but the economy is gradually getting better consumer confidence is at a fiveyear high and new claims for jobless benefits at a five year low in fact in the past six months, employers have added 200,000 jobs a month. Stockmarket indexes are up more than 15% so far this year.