People don't look beyond their own generation. Clearly when you look at America's debt the "me" generation isn't going to
accept their social security being cut to prevent the next generation from paying for them. I use to peeve my dad off big
time (a WWII - greatest generation vet) for not paying enough taxes to keep us out of debt and maintain our roads - I was
kidding - but kind of.
Since people only look out for their own generation they are very much into the consumerism. No its not the best, but it
drives markets, it creates wealth, and think about the wealth created off the 300m US market. Now imagine that off the
several billion Chicom market? I think there are some banksters salivating at commercializing China and seeing it follow
the US plan from 1945 to 2005. I'm told America's wealth adds up to $200 trillion (don't know where they got that)
but can you imagine the wealth created by the Chinese market if they simply follow the course laid out by American
capitalist?
Consumerism isn't the lynch pin, no matter what nation it is. That is banking reasoning.