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In capitalism investment doesn't exist without concumption. I would argue that consumption is productive to society by allowing the granite factory worker to be paid, the company that makes the hardwood floor to be profitable, ect. The only problem is that it has to be an ever growing system finding new products to sell. We end consuming conspicuously consuming. However the economy demands consumption to exist. Easy profits in useless products. Captialism
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If you read only for entertainment it's Consumption.
If you read only to educate yourself it's an Investment.
Probably it will be both, it's up you you what the ratio is.
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@djsuperstar717 freakan geat question. i would argue that it is an investment because the future of waste will be e-waste (and on a side note you are helping save trees) . The E-waste industry will invest in new plants. no longer which will create new electronics products from your old electronics. but it comes down to how efficient they can be in executing their plans
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I really enjoy the way you laid this out. good job buddy
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what you dont invest, you consume and vice versa. countries with a high savings9investment) tend to be technological better off and hence have a higher output per worker and higher standard of living. yhowever the united states gdp is mostly made up of consumption, about 70% if not higher. if anything a consumption tax seems like a viable solution to decrease consumptions and hence increase investment which would lead to more growth.
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very nice
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the US is a country that has all it's basic needs met, that's why luxury is the new "basic" to keep this economy growing, I'm sure there are other alternatives to buying luxury, and the reason corps are out invading third world countries is because those countries actually needs those basic items that are no longer selling in the US. Over consumption is bad, and I believe services needs to replace materials items to help the economy strive.
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I think it's a consumption. How many more books are you going to buy in your lifetime that your library shelves can't handle? Besides, aren't all electronic devices adding to our e-waste?
my wife is gonna kill me.....i spent all of the sunday attached to your financial video's.....
it is sooo addictive.......thanks
autorancho 2 years ago 11
Is an Amazon Kindle an Investment or Consumption?
djsuperstar717 1 year ago 3