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Capitalism Doesn’t Cause Consumerism — Governments Do

Summary:
It's government — not markets — that intervene to "stimulate" ever greater amounts of spending and consumption. A healthy market economy, meanwhile, relies on both saving and spending. Original Article: "Capitalism Doesn't Cause Consumerism — Governments Do".

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It's government — not markets — that intervene to "stimulate" ever greater amounts of spending and consumption. A healthy market economy, meanwhile, relies on both saving and spending.

Original Article: "Capitalism Doesn't Cause Consumerism — Governments Do".

Ryan McMaken
Ryan W. McMaken is the editor of Mises Daily and The Austrian. He has degrees in economics and political science from the University of Colorado, and was the economist for the Colorado Division of Housing from 2009 to 2014.

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