The Crisis of Consumerism
During the past quarter-century, but especially in the five years before 2008, the world revolved around the American consumer - and American-style consumerism. But consumerism, with its reliance on radical, debt-fueled individualism, is no longer sustainable, particularly given that satisfaction from buying objects is short-lived and requires continued repetition.
https://prosyn.org/9mw2wDw
FLORENCE – Major economic crises are inevitably also structural milestones. There is no simple return to a pre-crisis normalcy. Something changes permanently. As we learned in 2009, patterns of expectations and demand take a new shape.