Does Consumerism Force Us to 'Buy or Die?'

3 Pages Posted: 13 Feb 2009

See all articles by Sidharta Chatterjee

Sidharta Chatterjee

Andhra University, Department of Social Work

Date Written: February 12, 2009

Abstract

Since the time economists rejected the theory of 'Laissez Faire' economy, a lot of tergiversations have been in place within the dynamic integrity of mutual capitalism. The global economic system along with its peers, the efficient financial markets somewhat metamorphosed into some more significant yet cognizable shape, in the light of universal consumerism. One thrives into this architectonic meta-variation of total consumerism; whither you 'buy or die.' Time since beginning, man and his economic systems has evolved into more a mature 'asset', one from the pure barter transaction system into one more 'orthogonal' tenement.

Perhaps the best set variable to classify this tergiversation lies in the word 'capital', the pure form or state of any type of asset, that may be inferred as a change, imagination, motivation or lust, efficiency, dynamicity, invention, or productivity, profit and loss, and lastly, interest. Well, it might be a difficult for one to think the efficiency of the modern economic or financial world without the true benefits of 'interest', and its derivative 'interest rate'. The efficiency of our modern system truly depends upon effective creation, utilization and distribution of resources for mutual interests that are generally scarce. We have learned, or are trying to be more 'economic', rather than an ark. We may have got rid of the ill-fates of state socialism, or more better 'state sponsored dirty politics', but did we or our present economic system get us rid from of all those blemishes or maculations? Perhaps no, or haply yes, or may be not yet. Or whether one buys or dies, that does not matter if one is not a consumer. Since for every consumer, there must be some producer or else this world will precipitate into omega. Perhaps, this is what the state-sponsored autocrats and despots classified as so called communists, might have beleaguered for since, they intended to kill this very beautiful 'asset' that one basset, the true human capital, a mark of modern economic edifice. They stratified the revelations of whether one chose to be a producer or remain just an ark, albeit forcefully, the later.

One need not cogitate whether there is any economic value of a porter, a miser or a heavy taxpayer, since; it is one's intrinsic nature to contribute to this society within one's essence or disposition. Then, one questions, what is one's true essence? How we define the true essence of capital? Or, on what rationale does one signify 'the essence of capital?' This paper touches some of the intricacies of defining the probative essence of assets, or capital, their realization, effective utilization, vilification and 'Norma Regeneration'.

Keywords: Capital, Interest rate, Assets, Probative Essence, Consumer, Economic Systems

JEL Classification: A10, B25, F02

Suggested Citation

Chatterjee, Sidharta, Does Consumerism Force Us to 'Buy or Die?' (February 12, 2009). Available at SSRN: https://ssrn.com/abstract=1341643 or http://dx.doi.org/10.2139/ssrn.1341643

Sidharta Chatterjee (Contact Author)

Andhra University, Department of Social Work ( email )

Andhra University
Waltair
Visakhapatnam, Andhra Pradesh
India

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