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Corporate Accountability and WorkPlace

The Age of Unbridled Consumption Just Ended

By Lisa Wise, The Women's Media Center. Posted October 3, 2008.


The economic crisis, however painful, will lead to at least one positive outcome.
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An economic storm is descending, and for many, the storm will be bad. While the Bush Administration and Congress wrestle with how to bail out Wall Street, and argue about how softly CEOs of failed financial institutions should be allowed to land, average citizens must leap into the new reality without benefit of 24-karat parachutes.

Certainly, there isn't any golden or even silver lining to losing your job, your savings, your home. But for those of us not hit with catastrophic losses, an economic downturn might force us into painful, but ultimately useful, adjustments to our priorities. Should we be fortunate enough to hold onto both nest and nest egg though the storm, we might eventually come out the other side with clearer skies and a clear sense of what's important.

Our economy in recent decades has been propped up by an alarming degree by profligate consumer spending and wasting of resources prompted by an avaricious credit industry. Even before the crisis, it was obvious that the traditional American Dream of comfort and security had been displaced by a "more is better" focus that promotes not quality of life, but rather the unbridled production and consumption of stuff. There was never any chance that could continue indefinitely.

Recently, the Global Footprint Network issued a report stating that by September 23, humanity had consumed all the new resources the planet will produce for the year. For the rest of 2008, we are in the ecological equivalent of deficit spending, drawing down our resource stocks -- in essence, borrowing from the future. Sound familiar? We can't hope to keep to our economic budget if we can't keep to our ecological budget.

Some years ago -- just as the Bush Administration was settling into office and, as it has turned out, contemplating how best to thwart any meaningful efforts to address climate change -- my organization, New American Dream, commissioned two globe-trotting amateur videographers to document how American consumer demands affected the lives of people in parts of the globe American consumers are unlikely ever to see. The short films came back to us filled with images of environmental and social ills stemming in large part from a global trade system designed to shield end consumers from seeing the true consequences of consumer choices.

The filmmakers visited coffee farmers, banana pickers, and lobster divers. Factory workers in so-called "free trade zones" told stories of how free trade wasn't working out so well for them. Along the coasts of Central and South America, shrimp pens displaced local fishing communities and obliterated natural mangrove forests. In the Amazon, logging trucks rumbled through roads carved into formerly pristine rainforests.

Several of the films touched also on U.S. energy policy -- specifically, how our thirst for oil affects local communities both in places where oil is extracted and places where greenhouse gas emissions contribute to altering the local climate. In Ecuador, the filmmakers met indigenous Huaorani people whose health and way of life have been severely compromised by oil drilling on their lands. In sub-Saharan Africa, they documented what happens to once-thriving farming communities when the rain doesn't fall.

Those films addressing climate change most clearly highlighted the special burden faced by women. One video showed women and girls making 5 to 10 kilometer treks to gather firewood for use as cooking fuel. It showed how, during the dry months, women arose at four in the morning to wait in long lines around depleted community wells for basins of sandy water. Water rationing was so intense during those times that most clothes washing is suspended until the first rainfall.

The "more is better" version of the American dream is unsustainable environmentally, fueling a level of resource consumption that the planet cannot keep up with. It is personally unsustainable, drawing American families into a work-and-spend treadmill that depletes savings and clutters lives. And now we see it is unsustainable economically, as well.

Whatever economy emerges from this crisis will need to put less emphasis on "more" stuff and greater emphasis on more of what matters -- like healthy communities, a healthy planet and a higher quality of life. In righting the economic ship, the end game shouldn't be to plug up a broken vessel, but to move to something more seaworthy -- one that sails within both personal and ecological limits.

This article was originally posted by The Women's Media Center at www.womensmediacenter.com. The WMC is a non-profit organization founded by Jane Fonda, Gloria Steinem, and Robin Morgan, dedicated to making the female half of the world visible and powerful in the media.

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See more stories tagged with: consumerism, economy, american dream, wall street, consumer spending, economic crisis, credit crisis, financial crisis

Lisa Wise is the executive director of the Center for a New American Dream, a nonprofit organization in Washington, D.C. that promotes sustainable consumer choices.


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How do We the People bail out the bailout?
Posted by: Sushi on Oct 3, 2008 10:30 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Lessee, the banks are too big to fail, yet just failed. (I actually had a congressional aide tell me -when asked how they got so big - "Because they are successful.") Bad credit deals were the problem (deregulation of the banking/investment industry), so now we are going to go into MORE debt to bail out the bad debts so they can START LENDING US BACK THE MONEY?? Aren't we just borrowing the money to pay back the borrowed money?? Plus interest on both borrowings no doubt. Not only that, but the government actually borrows money from the privately owned Federal Reserve (Rockafellers, Mellons, etc.) and we pay the interest out of the Treasury on that! My guess is that you and I are working our guts out and most of our earnings are going upstream.

Attention Republicans: The bailout money is nothing more than a TAX! Possibly the largest tax put upon our breaking backs since Reagan raised the working class taxes 11 times during his shell-game tenure!

Sushi
"Eliminate government waste no matter how much it costs."

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The Predator State and The Fall of Civilization
Posted by: AsteroidMiner on Oct 4, 2008 8:21 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
See:
http://www.alternet.org/
environment/100067/
methane_%27fart%27
_from_the_earth_poses
_enormous_global_warming_risk/

The bad news is: The slowdown caused by the bailout will Not
be enough by a long ways to do us any good. In fact, Bush's
plunder may make it impossible to do what must be done to
prevent the collapse of civilization. $830 Billion would make a
good start on the changes we have to make in order to avoid the
collapse. Since we will have a harder time raising the money to
convert from fossil fuels to anything else, the conversion will face
more resistance and cause more hardship. The conversion is less
likely to get done soon enough, but the situation keeps getting
more desperate. If you are reading this, count yourself among the
dead WHEN [not IF] civilization collapses.

The good news is: Some tribe that is still living in the stone age
may be lucky enough to survive the collapse of civilization. Then
they may either repeat the cycle or learn from our mistakes.

The consolation prize: Bush may have gotten the sheeple angry
enough to take action, but remember that last time it took a full
blown depression and a threat of communism to get FDR elected.
See: "The Predator State" by James K. Galbraith, son of John
Kenneth Galbraith

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It’s not really a money problem, it’s a problem of ethical and honest brokering.
Posted by: blogoffanddie on Oct 6, 2008 3:48 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Rich people define poverty as those who can't afford liposuction.

When rich people profit from the market, they get to keep their profits. When rich people lose their money in the market, their losses belong to the taxpayers. It seems our ‘free market’ bankers and financiers have become stock market socialists – the $700 billion bailout is only the first installment.

Brother can you spare $700 Billion?

http://blogoffanddie.wordpress.com
http://theimpolitecanadian.wordpress.com/

"Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies."
Groucho Marx

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Lisa the Wise
Posted by: solrev on Oct 6, 2008 4:37 AM   
Current rating: 3    [1 = poor; 5 = excellent]
Certainly, there isn't any golden or even silver lining to losing your job, your savings, your home. But for those of us not hit with catastrophic losses, an economic downturn might force us into painful, but ultimately useful, adjustments to our priorities.

Whatever economy emerges from this crisis will need to put less emphasis on "more" stuff and greater emphasis on more of what matters -- like healthy communities, a healthy planet and a higher quality of life.

Everything has just been put on the table, and all the progressives can do is whine about how we got here. Here is where we should be. Progressives should join Nader and Dobbs and create a whiner’s party. The rest of us are really going to like the revolution of 2012.

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» In Defense of Whining Posted by: ProgressiveManiac
» RE: In Defense of Whining Posted by: socialpsych
Oh, really?
Posted by: socialpsych on Oct 6, 2008 5:38 AM   
Current rating: 5    [1 = poor; 5 = excellent]
The article paints a positive picture of what "could" happen: a slowing-down of consumerism. But do we suppose for one minute that businesses are going to stop trying to sell us their crap? Nope. Businesses will continue to use all of those effective marketing tactics for one purpose, and one purpose only: to make a buck by selling people things that have no real value. It's worked fine so far, so why would it change?

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» RE: Oh, really? Posted by: MartianBachelor
» RE: Oh, really? Posted by: NoKidding
» RE: Oh, really? Posted by: maxpayne
Eliminate government waste
Posted by: Romantic Violence on Oct 6, 2008 6:09 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
In your last statement 'eliminate government waste'..why don't we the people just eliminate the government? It has happened throughout history and humanity still exists. The US, as we are now witnessing, is not the center of gravity.

1789

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There was always socialism for Wall $treet, RIGGED faux "capitalism" against Main Street.
Posted by: maxpayne on Oct 6, 2008 6:28 AM   
Current rating: 5    [1 = poor; 5 = excellent]
The term "unbridled capitalism" is oxymoronic because if that did actually exist, Wall $treet would have already gotten a taste of its own medicine. Instead, while Wall $treet continues to preach "capitalism" and Main Street falls for the bait, behind the doors, Wall $treet's corporate puppet pols are giving it its WELFARE HANDOUTS all the while Main Street sucks up to the propaganda that the "economy" is only driven by spending and that frugal people are somehow a "threat" to the "economy". Capitalism is not the problem. The problem is the sheer hypocrisy of the monied elites' hidden support of socialism while trying to blow out Main Street with RIGGED "capitalism". Osama bin Laden couldn't have asked for anything more now that he's laughing until his ribs fall apart at the plight of DYSFUNCTIONAL America !

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By the way, Main Street must stop exploiting itself and show respect for the frugal and
Posted by: maxpayne on Oct 6, 2008 8:10 AM   
Current rating: 4    [1 = poor; 5 = excellent]
those who reuse, recycle, and just plain conserve in general. Calling these people "liberal elites" because they aren't big spenders and are deemed a "threat" to the "economy" is why this country's bankrupt beyond the point of return at this point. If critical thinking and reasoning can be brought back into our otherwise intolerant society, there's a chance of making this country an economic winner.

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Not a chance
Posted by: fanny666 on Oct 6, 2008 8:53 AM   
Current rating: 5    [1 = poor; 5 = excellent]
People forget that the country is still FLOODED with capital. The rich are still rich. During the Great Depression, the rich were still rich (although once WWII started, part of the reason that the economy was jump-started is because the very wealthiest were taxed at over 90%).

Depressions and recessions are reductions in growth, not reductions in existing capital. They only really hurt those who rely on the Real Economy. Those who rely on the Speculative Economy will see profits drop off, but many many people have massive nest-eggs. I appreciate the point that we are now in "deficit spending" mode in regards to resources- but when has that ever stopped anyone before?

And don't forget that China's economy is growing at 10%, their unbridled consumerism is just beginning.

Looking forward to watching those films, I hope AlterNet will let us know when there is a title we should look for!

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Author is exactly right
Posted by: alturn on Oct 6, 2008 9:28 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Rational, objective economic policy went out the window with Reagan. That things have progressed this far is due to nature's then-abundance and the capacity to take a nation that at the time was relatively debt-free on an asset-stripping, financial-environmental exploitation spree.

Remember at the time Forbes Magazine was saying how the US Government was not leveraged enough. The Milliken-Pickens types advanced the same plundering philosophy to US businesses.

Now the pendulum has swung so far away from sound, fair economics that the pendulum must swing farther in the opposite direction than even occurred in the Great Depression.

The same strip-mining tactics and mentality were applied to our ecosystem so that it, too, is on the verge of system collapse. Government, economics and our environment now have no alternative except a holistic, more socialistically oriented, integrative healing approach for people to continue to survive.

Expect wise, experienced new voices to join the debate on our choice for our planet's future.

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Frivolous consumption........
Posted by: tap17x on Oct 6, 2008 9:49 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
........will be over when and only when magazines such as the Robb Report and L.A. Confidential go out of business. The rich have way too much money except for those who give big bucks to worthy causes, such as George Soros and Eli Broad.

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Republican Economics
Posted by: mike_burns on Oct 6, 2008 10:22 AM   
Current rating: 5    [1 = poor; 5 = excellent]
SCORCHED EARTH
Destroy the economy so nothing can be done socially. Eight yours of Clinton only gave us a balanced budget, just to give it to W.
The war on drugs and terror is not about 911. They fear me and you.
I think it was JFK that said that "If there is no peaceful change, violent change is inevitable.
We could be seeing the inevitable occur, unless the next administration is very different. Obama better be ready to become more radical.

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The Threat of a Green Economy
Posted by: pdxjoe on Oct 6, 2008 10:55 AM   
Current rating: 5    [1 = poor; 5 = excellent]
"The 'more is better' version of the American dream is unsustainable environmentally, fueling a level of resource consumption that the planet cannot keep up with. It is personally unsustainable, drawing American families into a work-and-spend treadmill that depletes savings and clutters lives. And now we see it is unsustainable economically, as well.

Whatever economy emerges from this crisis will need to put less emphasis on 'more' stuff and greater emphasis on more of what matters -- like healthy communities, a healthy planet and a higher quality of life. In righting the economic ship, the end game shouldn't be to plug up a broken vessel, but to move to something more seaworthy -- one that sails within both personal and ecological limits."

Let me start off by saying: of course, we should continue to advance the ecological sensitivity of our technologies and collective presence on the Earth. There is absolutely no doubt about this imperative. There is a threat from the "greening" of our economy that we must guard against hyper-vigilantly: the mutation of "Capitalism with a Human Face" into "Capitalism with a Greener Face." All too easily the "go ahead and consume it, it's not hurting the environment" can come through and abolish any sense of ecological responsibility as much as it can superficially mitigate a real problem. It numbs us to our more deeply catastrophic way of life.

The notion that our economy must keep growing and expanding, finding and filling new market niches, whether they are nominally environmentally-friendly, is what is hurting our planet and the living things in it as much as the poor quality of our consumption. The biggest challenge of this century is re-thinking our collective existence on this planet without the profit-motive as the founding assumption of it all. The profit-motive is fundamentally ecologically untenable, and if we want to save the planet, we have to ram a wooden stake through the heart of this vampire. That will mean, among other things, avoiding the temptation to merely "green" our unsustainable way of life.

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Write some letters.
Posted by: reelectnoone on Oct 6, 2008 12:22 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
I just faxed the same letter to all of my reps and senators in DC. I said I was facing bankruptcy and foreclosure and asked them to specifically tell me what new options I now have as a result of the bail out bill.

I will post my replies as soon as I can. I would like to be able to do so here as an article if I can figure out a way to do so.

Are you listening Alternet editors?

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You must be kidding,
Posted by: sirios on Oct 6, 2008 7:28 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
the end of consumption? The only thing that is going to slow down consumption in this country is temporary poverty that exposes an underlying sanity .However when the poverty problem is corrected, it will be business as usual and madness wil reign again. the american consumer is like a herion addict. Herion addicts never quit, he or she just substitutes their habit with methadone or in the case of the consumer, cheaper goods. There is one remote possiblity for a cure. If, and i do mean if, the people suffer deeply enough and seek clarity, then we might see greed taking a back seat for awhile. The awhile part is dictated by how deep the clarity is experienced. If the clarity comes from our essence then sanity could replace our present dream state for many generations.

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end of abundend consumption????
Posted by: richholland on Oct 6, 2008 11:00 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
The american way of consumption just started on this planet.

I visit Asia for thelast ten yearsand saw the change froma collective family society intothe nervous consumption the USA is known for.

In Chiangmai the littlecoffeevendor is replaced by Starbucks..price 1 cup of coffee= 2 normal ricemeals.
Remember if the USA had putmoney in health care,vacation, education and realistic minimumwage like Europe the recession wouldnt be that severe.

And even now did the USA changefrom materials intosocial systems,No Sir.
Business as usuel.

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