NEW YORK CITY--In his most recent post, Ethan Penner examines the problems of a consumer-based economy, and suggests ways to break from this model.
The Tiffany's brand embodies a great variance of emotions for Penner, chief among them the "unbridled lust for opulence," says Penner. But this is a very American phenomenon that has is only now spreading to the rest of the world, suggests Penner: from metrics that value consumer spending as a sign of economic health to encouragement from the top levels of government, this can often lead to spending on objects that are both unnecessary and not within budget. And it's unsustainable, says Penner.
Penner looks at the approaches an individual can take to combat this culture, and argues that altering patterns may lead to a healthier populace, both "financially and spiritually."
To read the full post, "Borrowing and Spending," click here. For other posts from Ethan Penner, click here.
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Geoffery Metz
Geoffery Metz is the content manager for ALM's GlobeSt.com, Credit Union Times and Treasury & Risk. Before joining ALM, he spent several years overseeing the newsroom at the financial wire service Business Wire, with special focus on multimedia presentation for the web.
