"Affluence breeds impatience, and impatience undermines well-being." Avner Offer is the
professor of economic history at the University of Oxford, and he is interested in the well-being of people and families in liberal market societies. His latest work,
The Challenge of Affluence: Self-Control and Well-Being in the United States and Britain since 1950, is an empirical socioeconomic history of the effects that liberal and neo-liberal economics has had on happiness, relationships, and social welfare. Specifically, he argues that
Reaganism/
Thatcherism catapulted forward the ability to produce new goods and services, and to create the desire for them, far ahead of society's ability to cope. Reagan and Thatcher "
smashed the family to pieces;" the result of market liberalism is societies of ever-more dissatisfied, atomized, unhappy communities of
dual-worker consumerist families.
posted by r_nebblesworthII
on Nov 19, 2010 -
51 comments
How the other half top quintile lives... Coldwell Banker has released the first
Coldwell Banker(R) Luxury Index, a "study conducted in August 2004 of U.S. luxury homeowners -- those owning homes valued at $1 million or more -- concerning their attitudes, preferences and purchasing behavior related to luxury goods and services." You might be interested to discover that 61% of those surveyed stated recent increases in interest rates would have no impact on their luxury item purchases.
posted by Irontom
on Nov 16, 2004 -
8 comments