Compare and contrast: Consumer culture leaves Americans better prepared for hard times. Meanwhile, older virtues help Ireland weather the recession.
Will
Will writes from Washington, D.C. (well, Arlington, Virginia). You can reach him at willblogcorrespondence at gmail dot com.
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The more I think about Postrel’s society, the less I think it particularly relevant. Yes, having 11 pairs of shoes means that you can go without buying shoes. Of course, if you had 6 pairs of shoes, you might have something even more valuable: money in the bank. Then, if you need a new pair of shoes, you can buy that pair of shoes and still have… money in the bank.
It’s a fair-ish argument regarding purchasing “things” rather than “experience” but it’s not particularly good argument for accumulating stuff more generally.Report