Money and Society

Society has become increasingly materialistic
People aspire to earn more money
They want a bigger house or a better car
We connect wealth and material possessions with happiness and success
Brands like “Armani” or ”Mercedes” are status symbols
Advertising creates new desires and needs
It persuades us to buy the latest styles

Positives of Consumerism

Consumerism creates employment
It helps to reduce poverty
It encourages innovation and creativity in business
We live in a global economy
We have a better quality of life

Negatives of Consumerism

Consumerist societies create more waste
They use more natural resources
They cause damage to the environment
Consumerism creates a “throw-away” culture
Advertisers tell us who we are and what we want
Wealth does not lead to happiness
Materialism causes greed and crime
We should return to traditional values like sharing