Is Capitalism Same as Consumerism?

  1. Goodpal profile image90
    Goodpalposted 6 years ago

    Is Capitalism Same as Consumerism?

    If one looks at American capitalism, it appears to mean: Produce more and consume more, and keep doing it year after year. How long can the world's resources support such a lifestyle?

  2. Danette Watt profile image85
    Danette Wattposted 6 years ago

    I have never considered myself much of a consumer. I'm not into "stuff" (I'd rather spend my money on experiences, classes, etc. although I do confess to a weakness for books).

    But I also don't think consumerism and capitalism are the same. In my opinion, capitalism is a pretty multi-faceted topic and I confess that I have a lot of negative feelings toward it. I see it as system gone awry, very much out of kilter and with such a focus on profits because govt. slashed regulations that protected people.

    Not saying capitalism it totally wrong, just that it got out of control.

  3. watergeek profile image98
    watergeekposted 5 years ago

    They're related, in exactly the way you say. But they're also opposite, in that capitalism has resulted in a huge gap between rich and poor, which means the average person doesn't have the money to consume much anymore.

    Our government fudges the figures by (for example) averaging what everyone makes, even though the top 10% of wage earners are pulling in 90% of the income, with not much left for the rest of us 90%. This gives a false impression of the health of the American economy. That's capitalism.

    With consumerism, people are urged via heavy advertising to buy more than what they make. Government and financial regulations encourage the same, especially with easy mortgages and credit cards, both of which help people overspend. And manufacturers overuse earth's resources making more and more "stuff" for the average consumer to buy, who doesn't have the money to pay for it. The two together have produced a very strange, very self destructive system, in my view.