John Kenneth Galbraith
Despite living in a time of unprecedented abundance, our relentless pursuit of private consumption is starving the public services we desperately need to thrive.
Economic theories designed for a world of scarcity fail to address the realities of modern abundance.
The dependence effect shows that consumer desires are actively created by the very corporations that profit from fulfilling them.
A societal obsession with private consumption leads directly to the chronic underfunding of essential public services.