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#1 Nov 25 2008 at 12:12 PM Rating: Excellent
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Quote:
The government, still struggling to manage a severe financial crisis, unveiled two new programs Tuesday that will provide $800 billion to try to help unfreeze the market for consumer debt from home mortgages to credit cards.
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So the plan is for the US (and others) govt. to borrow more yet more cash to allow more consumers to borrow more money so as to allow them to continue consuming at the present unsustainable rate that got the world into the financial mess its in already, and thereby encourage that mess to become even more disastrous.

Back in the 50's, and obscure retail analyst by the name of Victor LeBow said :

Quote:
Our enormously productive economy ... demands that we make consumption our way of life, that we convert the buying and use of goods into rituals, that we seek our spiritual satisfaction, our ego satisfaction, in consumption.... we need things consumed, burned up, replaced, and discarded at an ever-accelerating rate.


Wich pretty much sums up the western worlds way of life.

Consumption (of goods and resources) on a crass scale has been turned into something wich is considered not only acceptable, but neccessary for the continued progress and happiness of the human race.

The one obvious problem with it is that it is completely unsustainable, and will inevitably lead (has led?) to system failure. Infinate consumption/finite resources = disaster at some point.

While I feel that one of the good things to come from the global financial collapse will be an awareness in the the average person that resources (wether they be financial or material) are indeed finite and need to be valued more than they are at present, I cannot help but be cynical about the bankers and politicians whose answer to the the current situation is to borrow yet more money to give to banks and so on, so that those institutions can continue to lend cash to consumers in the hope of perpetuating the self-same system that has shown itself to be so utterly useless.

After 9/11, Dubya encouraged people to go shopping. He was quite rightly ridiculed for it.

Now that the twin towers of credit and consumerism are collapsing in such spectacular fashion, and Obama is promising that the ability of the american (and other) people to continue consuming via multiple layers of credit cannot be allowed to be interrupted....

Is now a good time to start pointing out that, really, even tho' there's a black guy (nearly) in the WH promising 'change', that when it comes to the very foundations of western society ie. its selfish desire to continue trashing the planet in the face of all logic and with no regard for the future generations to come or indeed with any respect for the majority of people on the planet who are are being horrendously exploited by the consumer culture of the west....

NOTHING HAS CHANGED AT ALL?



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#2 Nov 25 2008 at 12:15 PM Rating: Good
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Do you ever get tired of berating us? Just curious.

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#3 Nov 25 2008 at 12:26 PM Rating: Excellent
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Do you ever get tired of berating us? Just curious.


Im not berating you. Honest!

Ive just become more and more disillusioned with the culture of waste that western society has taken hold of so tightly.

On one hand we are (mostly) all wetting ourselves over Global Warming and the 'future'. And on the other hand we are all (mostly) perpetuating a system that encourages wasteful consumerism on a humongous scale as well idiotic concepts like 'planned obscelescence'....

Its all very well hoping someone new and fresh like Obama is going to 'change' things, but when he's talking about perpetuating the self-same system that got us ALL into this mess in the first place, I really wonder what needs to happen before people and politicians wake up and realise that the world we live in is FINITE, and start behaving and legislating in an appropriate manner.

Its not a dig at you or the US. Its a problem that we are all contributing to in varying degrees.....

The finacial meltdown is the one that is most obvious at the moment. I'm sure more disasters of supply and demand will follow, and we'll all look around to blame everyone but ourselves for not having noticed the obvious before.
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"If you have selfish, ignorant citizens, you're gonna get selfish, ignorant leaders". Carlin.

#4 Nov 25 2008 at 12:27 PM Rating: Default
Samira wrote:
Do you ever get tired of berating us? Just curious.


The self-righteous never do. I find the blinders through which they view the rest of us mildly amusing, however pompous and irrelevant they may be.
#5 Nov 25 2008 at 12:40 PM Rating: Good
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Dear Paulsol

Much as I respeck your other-worldly marxist sentiments (many of which I share), I'm not sufficiently utopian to think that an incense stick, a ching of nepalese finger-cymbals and a few verses of Kumbaya will get us out of this mess.

Our commercial and social stability is utterly wedded to the viability of the banking system; it's not just fear of factory closures and Merchant Bankers having to wait another 3 months before replacing their Bugatti Veyrons. Our ability to support the unemployed, the unwell and the weak of thinking (for those of our countries that do so) will implode if we don't prop up Wall Street & the old lady of threadneedle Street.

It's a bitter pill to swallow. Banks borrowed far more than their income, loaned money to utterly unviable clients and basically behaved like the Medici's evil cousins. They are, without doubt, an bunch of cUnts. However, we're in the position of having to share a lifeboat and rations with the twats who sank our ship in the first place. Until we're on dry land we have to feed and maintain them.

Whether Bush, Obama, Brown, Sarkozy et al are doinitrite remains to be seen. The tabloids are judging them on whether they can avoid a recession. HellooOOo! It's Here! The best they can do is soften its severity, and by and large, most of the moves (whilst inevitably irksome and risky) seem relatively sensible.

Once we've got over the recession (which, I fear will deepen for another 18 months before starting to level and climb), the bankers, dear comrade, will be 1st against the wall.

gbaji Out
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#6 Nov 25 2008 at 1:04 PM Rating: Excellent
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I have to chuckle at those of you who actually believe we're going to recover from this mess. Isn't it obvious? The Tyler Durden plan of anarchy is coming into fruition. The only difference is rather than some yuppie terrorist organization planting explosives at the corporate headquarters of the main banks (Hellooo! Ever hear of a Disaster Recovery Plan?) they are in stead being destroyed from within.

Buy your shotguns, assault rifles, and army surplus supplies now ladies and gents. Get that underground shelter built while you can still charge it.

I'll be in my shelter watching my generator powered entertainment center, the full cost of which has been applied to my Sears card at 25% interest with a minimum payment of $25 a month which I may pay the rest of the year.

Edited, Nov 25th 2008 2:04pm by Kakar
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#7 Nov 25 2008 at 1:05 PM Rating: Good
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Kakar the Great wrote:
Buy your shotguns, assault rifles, and army surplus supplies now
Obama won't let me Smiley: frown
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#8 Nov 25 2008 at 2:13 PM Rating: Excellent
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Jophiel wrote:
Kakar the Great wrote:
Buy your shotguns, assault rifles, and army surplus supplies now
Obama won't let me Smiley: frown
He's keeping the white man in chains!!! Chains, dammit!
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#9 Nov 25 2008 at 3:09 PM Rating: Good
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Professor Panarin is using his common sense reasoning skills to deduce that we are *******
http://www.drudgereport.com/flashrur.htm

Quote:
Professor Igor Panarin said in an interview with the respected daily IZVESTIA published on Monday: "The dollar is not secured by anything. The country's foreign debt has grown like an avalanche, even though in the early 1980s there was no debt. By 1998, when I first made my prediction, it had exceeded $2 trillion. Now it is more than 11 trillion. This is a pyramid that can only collapse."


Quote:
Asked why he expected the U.S. to break up into separate parts, he said: "A whole range of reasons. Firstly, the financial problems in the U.S. will get worse. Millions of citizens there have lost their savings. Prices and unemployment are on the rise. General Motors and Ford are on the verge of collapse, and this means that whole cities will be left without work. Governors are already insistently demanding money from the federal center. Dissatisfaction is growing, and at the moment it is only being held back by the elections and the hope that Obama can work miracles. But by spring, it will be clear that there are no miracles."


Iceland gets it too.
http://wjno.com/cc-common/news/sections/newsarticle.html?feed=244038&article=4635529

In the interest of accelerating this collapse so we can more quickly get on to the reform, I would like to encourage everyone to "cash out," or take all of your money out of the bank. You better hurry, only 3% of our money supply is actually minted/printed, so if you wait too long the banks might not have any more money left!!

#10 Nov 25 2008 at 3:17 PM Rating: Good
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So the plan is for the US (and others) govt. to borrow more yet more cash to allow more consumers to borrow more money so as to allow them to continue consuming at the present unsustainable rate that got the world into the financial mess


Consumer credit had zero to do with the current problem. None. Consumer confidence has a great deal to do with our immediate future. If confidence increases but morons can't spend money because of tight credit: that's bad. Believe it or not, modern macroeconomics is slightly more complicated than "people just need to stop living beyond their means".



Edited, Nov 25th 2008 6:18pm by Smasharoo
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#11 Nov 25 2008 at 3:34 PM Rating: Excellent
I think in the grand scheme of things, Paulsol has a point. Our way of life is just not really sustainable. This is going to get exponentially worse if the standards of living in the rest of the world catch up with ours. I guess it's a mix of environmentalism and re-ashed Malthusian theory, and it's pretty much recognised everywhere since people constantly harp on about how we need to achieve "sustainable development". The consumption problem is linked to the environmental one, to a degree, and there are a few more things we can in there like population and increased longevity.

I'm not sure if this is directly relevant to the current economic crisis either in cause or effect, but crisis are sometimes a good way to rebuild things on more sustainable foundations.

Having said that, maybe we're not anticipating the technological developments that will allow us to continue living our lives in the same way and to the same standard, without being so toxic and being such a drain on resources. And I'm sure some would argue that the free-market will naturally and gently steer us towards a perfectly sustainable way of life when the time is just perfectly right.

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#12 Nov 25 2008 at 3:40 PM Rating: Excellent
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RedPhoenixxx wrote:
I think in the grand scheme of things, Paulsol has a point. Our way of life is just not really sustainable


Its all self policing. Supply and demand.
Eventually it will cost much too much to transport those nice bananas across oceans to fill the supermarket shelves. They will need to source locally.
It will cost too much to fill a car with fuel to make journeys of only a few miles.
It will cost too much to dispose of plastics and other toxic materials. This would mean our current dispoable toys become so expensive that we will chose carefully and not replace them.
Our hope is invention, of which demand is a good driver.

I'm just left wondering if I should drop out and take up poker on the net as a career ...
#13 Nov 25 2008 at 3:41 PM Rating: Good
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We go into debt by printing federal reserve notes through the Treasury. Currency is created when anyone takes out a loan (debt) at a private bank (and when it goes into default this turns into your "poisonous asset," but in reality it was never an asset to begin with.)

The banks have preyed on consumers and encouraged them to go into more debt than they can recover from. This created the "false currency" or bad assets. So the same institutions that committed this fraud on the consumer in the first place go to the government and says, "Well you are going to need to borrow money from my cousin and give it to me just so that we can keep going with this same con."

Quote:
So the plan is for the US (and others) govt. to borrow more yet more cash to allow more consumers to borrow more money so as to allow them to continue consuming at the present unsustainable rate that got the world into the financial mess its in already, and thereby encourage that mess to become even more disastrous.


This guy gets it. We create debt anytime the government asks for money from the federal reserve. So we are creating more debt for ourselves to try to climb out of debt, AND ALL THIS MONEY IS INDEBTED TO BANKING INTERESTS, EVERYTHING WE DEFAULTED ON AND EVERYTHING WE BORROW TO TRY TO GET OUT OF THIS MESS.

Explain how we can ever be anything but slaves to banking interests with modern-money mechanics.

This is like watching a small child trying to get out a a Chinese finger trap. The more you tug at it the tighter it grasps you.
#14 Nov 25 2008 at 3:41 PM Rating: Excellent
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Our way of life is just not really sustainable. This is going to get exponentially worse if the standards of living in the rest of the world catch up with ours.


We'll slaughter them wholesale if that point approaches. Have you not studied world history at all?
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To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.

#15 Nov 25 2008 at 3:44 PM Rating: Excellent
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Explain how we can ever be anything but slaves to banking interests with modern-money mechanics.


What in the world makes you think it was designed with any other result in mind?
____________________________
Disclaimer:

To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.

#16 Nov 25 2008 at 4:54 PM Rating: Excellent
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Soulshaver said :
Quote:

The banks have preyed on consumers and encouraged them to go into more debt than they can recover from.


Its not just the banks tho' is it?.

My original point was that 'we' are being preyed upon by the very system that we support with all our efforts.

We have bought into the church of consumerism with all our heart and souls. We work all day to save up enough money to buy the latest (whatever) because that is how we measure our success. There is a TV in our house to keep telling us how crap we are unless we own the latest (whatever). Billboards all over the place explaining to us how happy we would be with the latest (whatever).

Quote:
Consumer credit had zero to do with the current problem. None. Consumer confidence has a great deal to do with our immediate future. If confidence increases but morons can't spend money because of tight credit: that's bad.


If we can't work hard or long enough to buy what we really must have to prove how happy we are, then someone will lend us enough (at a fee) so that we can prove we are succesful enough to own (whatever). And we wont have to pay a penny for 18 months!! Wich incidentally will be about the same time that the thing that we just had to have will be so far out of fashion/obsolete/broken that we will already be coveting the newer version of the same thing.

I understand what you're saying Smash, but my argument is with the relentless pressure for people to 'consume' as tho' that is the only way to achieve happiness and contentment. Thats why I highlighted in my original post the bit that says :

Quote:
unfreeze the market for consumer debt from home mortgages to credit cards.


As tho' that is the magic answer to the long-term mess that has 'suddenly'(?) occurred.

It is that drive to consume that has led to the type of economy that we have, where conspicuous consumption is seen as a virtue.

That drive to consume is required by the corporate business world, supported by Govt. enabled by the financial institutions, payed for by the poor who provide the cheap labour and supplied by the third world who are either giving away their resources for small-change or having it stolen from them via corruption.

While I do understand Nobbys point about the lifeboat we're all sharing, I do wonder if chucking some of the hi-jackers and saboteurs overboard wouldn't at least let the others know that we have had enough of their short-term, short-sided grasping, perhaps prompting them to realise that they need to change business practices.

Unfortunately, that would require the rest of 'us' to admit that we have been suckered into believeing that the worlds resources are infinate and 'ours' to do with as we wish. Until people like Obama start being honest about the limitations and dangers of the rampant consumerism as a lifestyle choice, I guess the only thing to do is for individuals to take the lead and reject consumerism as the only option availiable.


But as long as Obama and others are still handing out piles of fantasy cash to the enablers of this system, I guess its pretty easy to see where their priorities lie.

Hence my statement that nothing has really changed at all. Sure, the driver of the bus has changed, but the bus is still rushing headlong over the cliff.

Hold tight and hope the bus doesn't hit the ground too hard. Or jump off while you still got a chance to grab a rocky outcropping on the way down?



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#17 Nov 25 2008 at 5:10 PM Rating: Excellent
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I've printed up 5 reams of copies of Paulsol's message for distribution. It's probably too many, but I got a price break at this quantity. If you don't want yours just toss it on the street.

edit: there was a deal on high gloss paper, woot!



Edited, Nov 26th 2008 2:12am by Elinda
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#18 Nov 25 2008 at 5:32 PM Rating: Decent
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paulsol wrote:
Soulshaver said :
Quote:

The banks have preyed on consumers and encouraged them to go into more debt than they can recover from.


Its not just the banks tho' is it?.

My original point was that 'we' are being preyed upon by the very system that we support with all our efforts.

We have bought into the church of consumerism with all our heart and souls. We work all day to save up enough money to buy the latest (whatever) because that is how we measure our success. There is a TV in our house to keep telling us how crap we are unless we own the latest (whatever). Billboards all over the place explaining to us how happy we would be with the latest (whatever).

[quote]
Yes, people have always wanted more and better stuff. Are we to stop technology? Societies change slowly. But it is changing. Three decades ago there was no such thing as a 'fuel efficient' vehicle, two decades ago we wouldn't of dreamed of recycling paper and plastic, today the latest hot selling goodies on the shelves are 'organic' and 'chemical free'.

In the 70's we had Paul with Wings, today he's doing folk.

I don't think we know what Obama's adminstration will bring but I think, or at least hope, it will continue to push the pendulum towards a more conscientious consumer.

Edited, Nov 26th 2008 2:36am by Elinda
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#19 Nov 25 2008 at 6:04 PM Rating: Excellent
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Yes, people have always wanted more and better stuff.


If the stuff they were getting was better, then perhaps there would be less of a problem. Unfortunately the vast majority of stuff is NOT better. Its just MORE.

There is very little profit to be made in making quality goods that last. For a company to make a profit they need to keep selling new stuff to you all the time, but not so often that you realise its a PoS and go elswhere. Its a very exact science. The line between somebody coming back again and again to a product that repeatedly breaks or malfunctions, and that person going elswhere is studied very carefully to see where a consumers breaking point lies.

Make something too good, and it will last for ages. No profit in that!

Make something too crap, and the customer will go elsewhere. No profit there either.

This applies to everything from cars to TV's to shoes. Fashion has a huge influence too. Who wants to be seen in last years clothes? Nothing wrong with last years...except that our peers can see that they are last years.

There is nothing wrong with technological advancement. But that is not what we are being sold. We are being sold the same sh't over and over again and in the name of fashion/keeping up with neighbours/trends, we fall for it over and over again.

As an example...

About 9 years ago when I first came to NZ, I needed a vacuum cleaner. I found in the small ads a Kirby. Made in the USA in the 70's out of aluminium and other metals. Every bit on it is replaceable and repairable. Its easily the best vacuum I've ever owned (and I've got a long haired white retriever and a chocolate brown carpet). I payed $200 dollars for it second hand. I really can't see a time when it will become irreperable.

My mum, has a Phillips one. Its plastic. It has a lifespan of about a year and it costs about $100. She has been in NZ for 5 years and its probably the 3rd ot 4th one she's had while living here. Its made in China out of oil by-products and is completely incapable of being repaired. She likes it 'cos its small and light. Its a piece of shi't and wouldn't last 5 minutes if she had a dog.

Phillips are making a tidy profit every year. Not from my mum. She is only paying $2 a week to clean her carpets after all. They are making their profit out of the cheap labour in the asian factories where this garbage is produced, the artificially cheap raw materials that are being supplied by the third world and the shear volume of the units that they sell, are used for a year and then thrown into landfills.

This sort of thing is what is being supported by the bail-outs, stimulus packages etc that are being trumpeted as the saviour of the world as we know it.

Its a hopeless system. And in our rush for 'more', we are perpetuating it.

More and better isn't what its about. Its about more and worse.



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#20 Nov 25 2008 at 6:33 PM Rating: Excellent
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Fuck it, just let it all collapse. We came out of the Great Depression pretty well off right? Things were booming during the 40s and 50s.
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we all know liberals are well adjusted american citizens who only want what's best for society. While conservatives are evil money grubbing scum who only want to sh*t on the little man and rob the world of its resources.
#21 Nov 25 2008 at 6:46 PM Rating: Excellent
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Quote:
Things were booming during the 40s and 50s


A good war has a way of stimulating production.
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#22 Nov 25 2008 at 6:55 PM Rating: Good
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paulsol wrote:
Quote:
Things were booming during the 40s and 50s

A good war has a way of stimulating production.

Good idea!

...does this prove that the current war(s) being waged are not in our best interest?
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publiusvarus wrote:
we all know liberals are well adjusted american citizens who only want what's best for society. While conservatives are evil money grubbing scum who only want to sh*t on the little man and rob the world of its resources.
#23 Nov 25 2008 at 7:16 PM Rating: Excellent
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Quote:
does this prove that the current war(s) being waged are not in our best interest?


If your 'best interests' involve stealing resources from other peoples countries so you can continue consuming plastice shite at an ever increasing rate without thought for the future repurcussions of said theft, then yeah, you're doing great. Carry on!

When I say 'you', I don't mean 'you' the individual, I mean 'us' the western consumer.
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#24 Nov 25 2008 at 7:42 PM Rating: Decent
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Well, it's not creating any jobs...including recruitments.
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publiusvarus wrote:
we all know liberals are well adjusted american citizens who only want what's best for society. While conservatives are evil money grubbing scum who only want to sh*t on the little man and rob the world of its resources.
#25 Nov 25 2008 at 9:52 PM Rating: Excellent
[****************** it, just let it all collapse. We came out of the Great Depression pretty well off right? Things were booming during the 40s and 50s.[/quote]

SO, you're saying that what we need is a World War III?
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#26 Nov 26 2008 at 7:40 AM Rating: Decent
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paulsol wrote:
This applies to everything from cars to TV's to shoes. Fashion has a huge influence too. Who wants to be seen in last years clothes? Nothing wrong with last years...except that our peers can see that they are last years.

There is nothing wrong with technological advancement. But that is not what we are being sold. We are being sold the same sh't over and over again and in the name of fashion/keeping up with neighbours/trends, we fall for it over and over again.

As an example...

About 9 years ago when I first came to NZ, I needed a vacuum cleaner. I found in the small ads a Kirby. Made in the USA in the 70's out of aluminium and other metals. Every bit on it is replaceable and repairable. Its easily the best vacuum I've ever owned (and I've got a long haired white retriever and a chocolate brown carpet). I payed $200 dollars for it second hand. I really can't see a time when it will become irreperable.

My mum, has a Phillips one. Its plastic. It has a lifespan of about a year and it costs about $100. She has been in NZ for 5 years and its probably the 3rd ot 4th one she's had while living here. Its made in China out of oil by-products and is completely incapable of being repaired. She likes it 'cos its small and light. Its a piece of shi't and wouldn't last 5 minutes if she had a dog.

Phillips are making a tidy profit every year. Not from my mum. She is only paying $2 a week to clean her carpets after all. They are making their profit out of the cheap labour in the asian factories where this garbage is produced, the artificially cheap raw materials that are being supplied by the third world and the shear volume of the units that they sell, are used for a year and then thrown into landfills.

This sort of thing is what is being supported by the bail-outs, stimulus packages etc that are being trumpeted as the saviour of the world as we know it.

Its a hopeless system. And in our rush for 'more', we are perpetuating it.

More and better isn't what its about. Its about more and worse.
Well, as another example, ask yourself how many miles todays cars are racking up compared to earlier cars. Mile counters used to not even go to 100k, now cars can easily rack up 200k miles and continue to run. That's not even mentioning the fuel efficienies of today vehicles. The rampant consumerism of the 80's and 90's is started to ebb, or at least change in a positive direction. Sustainable, reusable, craddle to grave, and recyclable are all twenty-first century terms.

People are not going to just stop using and buying stuff. But the most wasteful and chemically harmful products are coming at a higher premium. Soon even the US manufacturers will be paying to emit CO2 (they're already paying to emit or forbidden to emit most all recognized Harmful Air Pollutants).

The government bureacracy I work for is using less paper today than it was a decade ago (we did a study being we're an envirnmental org.).

You can ***** and moan all you want about how Americans over-use resources, but as far as I'm concerned it's landing on deaf ears. We do so, because we CAN. You can't change the world overnight, and you can't have a free society if you start dictacting who can have what stuff, and you hardly have a fair, balanced and progressive economy if only the most wealthy can afford the fruits of technologies labors.

But we keep trying to figure out the best ways to hold people and companies responsible for the resources they use and abuse. If that's NOT happening I've wasted the better part of my life in a useless career.
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