The Politics of a Consumption Economy

Colin Read

Chapter 22 in The Rise and Fall of an Economic Empire, 2010, pp 205-211 from Palgrave Macmillan

Abstract: Abstract Just as surely as an economy can move from production of machines on Main Street to the production of wealth on Wall Street, so, too, can an economy at the apex devolve toward economic isolation. An economic empire that enjoys the luxury of constant inflows of capital from abroad is doubly vulnerable to this isolation. Meanwhile, aspiring empires are all too happy to reinforce a complacent sense of well-being characterized by a consumer-based economic empire.

Keywords: Human Development Index; Conspicuous Consumption; Government Leader; Economic Empire; Dominant Service (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-29707-4_23

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DOI: 10.1057/9780230297074_23

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