As of March 26, we're $27,100 in the red for the quarter. Donate here to support this vital work
Subscribe here and join over 13,000 subscribers to our free weekly newsletter

If having more no longer satisfies us, perhaps weve reached peak stuff
Key Excerpts from Article on Website of The Guardian (One of the UK's leading newspapers)


The Guardian (One of the UK's leading newspapers), January 30, 2016
Posted: July 11th, 2016
https://www.theguardian.com/commentisfree/2016/jan/31/consum...

Around the developed world consumers seem to be losing their appetite for more. Even goods for which there once seemed insatiable demand seem to be losing their lustre. At a Guardian Sustainable Business debate, Steve Howard, head of Ikeas sustainability unit, declared: In the west, we have probably hit peak stuff. We talk about peak oil. Id say weve hit peak red meat, peak sugar ... peak home furnishings. The average western consumers home is bulging with all the materials and goods it needs. Only in developing countries have consumers the capacity to want more, but as Howard accepted, for that they need buying power, which in turn rests on the global distribution of income and wealth being fairer. Economist Tomas Sedlacek, who has won an international following for his book Economics of Good and Evil, insists that [most people today] work in jobs they do not much like, to buy goods they do not much value the opposite of any idea of the good life. What we want is purpose and a sense of continual self-betterment, which is not served by buying another iPhone, wardrobe or a kitchen. Yet purpose and betterment need a social context: purpose is a shared endeavour and self-betterment is to act on the world better with others. The New Economics Foundation has developed a matrix of five key performance measures to get beyond indicators of stuff such as GDP: job quality, wellbeing, health, environment and fairness. These are the categories we should measure and track.

Note: For more along these lines, see concise summaries of deeply revealing income inequality news articles from reliable major media sources.


Latest News


Key News Articles from Years Past