Essays by Larry Barnett
We live in a consumer society that underpins the world economy; money, it’s said, makes the world go ‘round. I could spend a entire column decrying this fact, how consumerism is gutting our planet, destroying habitat, driving species extinction and fueling climate change, but we all know that. Instead,… Read the rest
Our planet’s major religion is a materialist ideology that’s quickly bringing civilization to its ultimate crisis: consumerism. Having transformed humankind into Homo economicus, consumerism has invaded and replaced virtually all indigenous cultures, producing a homogeneous world civilization… Read the rest
Most analyses of economic collapse focus on the effects of wealth inequality, financial malfeasance, and inadequate government regulation. Centuries of such analyses – by Hobbes, Locke, Marx, Polanyi, Friedman, Krugman, Graeber, Picketty and many more – have extensively examined… Read the rest
You’ve got to hand it to Madison Avenue; in response to the coronavirus pandemic American corporations have barely missed a beat in altering their commercial sales pitch, reassuring consumers that this unpleasant shopping hiatus will not last forever and that a return to fevered consumption… Read the rest
Experts like to make economics sound complicated; after all, who needs experts for something simple? Macro, micro, Keynesian, free-market, leading indicators, blah, blah, blah…start talking about this stuff and eyes glaze over, minds drift and before too long another scoundrel has ripped… Read the rest
Nearly two years ago I wrote in this paper that popular fantasies about an increase in consumer spending turning around the economy were a joke. At that time the worst of the housing and credit crisis was becoming manifest, and foreclosures were beginning to soar. The bailout funds had made their way … Read the rest
There have been many articles written about abuse and exploitation of the world’s environment; over-fishing of the oceans, deforestation of the rain forests, and extinction of various species of birds, mammals and amphibians. What’s not covered as often is the depletion of the American wallet.… Read the rest