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life in rural nebraska

Boatloads of Stuff

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Back from our fantastic Thanksgiving break, I’ll editorialize on one big national farce:  Black Friday.  Why does this relate to economic development?  I think its relevant when US consumers are holding up events like Black Friday with $1 trillion in credit card debt.  Yes, one trillion dollars.  TIME magazine has the scoop:

We have this cycle we’ve developed—work intensively, buy more, repeat,” says Carolyn Danckaert, New American Dream’s director of home and communities programs. “At a certain point, the accumulation of stuff starts to drive your life.”

On Black Friday, I watched shoppers on TV proudly state how much they were saving on this and that. No one mentioned how much they were spending.

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Written by Caleb

November 30, 2009 at 3:10 pm

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