Aug. 5th, 2012

kathmandu: Close-up of pussywillow catkins. (Default)
I have been reading economics articles, and noticing how much "wealth" gets invoked. Investment-advice columns talk endlessly about investing your wealth, and wealth-accumulation strategies, and the average wealth of the average American family.

And the thing is, the average American family does not actually have any wealth. There was a recent survey that reported about half of Americans would have a hard time coming up with a thousand dollars on a week's notice (which is more notice than you actually get of the car or the furnace breaking down).

It's all surprisingly reminiscent of women's supermarket magazines, with their endless articles on "beauty" and beauty tips and beauty regimens and beauty products.

In both cases, we're facing a huge tide of propaganda, attempting to convince us that we have what we don't have---or rather, that we can have it if we buy their products.

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kathmandu: Close-up of pussywillow catkins. (Default)
kathmandu

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