People hold different views about the social and economic ideology of consumerism. There is an ongoing debate about its positive effects on the economy and negative sides on the environment and societal conflict. I believe that problems created by consumer culture within individuals outweigh any economic boost.
On the one hand, consumerism is a potent catalyst for economic growth. Consumer spending stimulates more production, this, in turn, results in more job opportunities and the thriving financial state of a particular nation. Additionally, this trend also leads to global trade and interconnectedness of countries. Thanks to consumerism, people can have more reach towards products and services all over the world, meaning that now a country focuses not solely on within boundaries, but also beyond its limited range. And contributing to cultural exchange and allowing people to experience a diverse range of goods.
On the other hand, I think that human purchasing off their basic needs paves the way to environmental degradation and can deepen social inequality. Firstly, the cycle of desire, purchase, and disposal ends up with excessive production and distribution of goods. This affects resource depletion, pollution, and economic damage, exacerbating climate change. Secondly, shopaholism leads to civic imbalance by widening the gap between rich and poor, creating disparities among them. Furthermore, setting high consumer norms induces financial exclusion for some individuals.
In conclusion, I am fully assured that environmental and community-based cons of this trend cannot be matched with any economic prospects of materialism. The long-term consequences for our planet and society cannot be justified by short-term economic gains.