Goodbye To All That: Are Our Rituals of “Prosperity” Increasingly Meaningless?

“Of all the economic heresies imaginable, perhaps the most heretical is to recognize what we labelprosperityas increasingly meaningless rituals more akin with Soviet-era staged parades than actual well-being.

This is the most dangerous heresy because it breaks the link between consumptionthe core activity of our economy–and human happiness. If conspicuous / surplus consumption is ritualistic rather than fulfilling (i.e. it adds to our well-being), then it becomes meaningless or even corrosive.”