<?xml version="1.0" encoding="UTF-8"?><!-- generator="wordpress/2.2.1" -->
<rss version="2.0" 
	xmlns:content="http://purl.org/rss/1.0/modules/content/">
<channel>
	<title>Comments on: If Life is So Awful Today, Why Do So Many College Students Own Cellphones, iPods and Digital TVs?</title>
	<link>http://www.economistblog.com/2008/03/24/if-life-is-so-awful-today-why-do-so-many-college-students-own-cellphones-ipods-and-digital-tvs/</link>
	<description>Discussing the economy from A to Z</description>
	<pubDate>Wed, 03 Dec 2008 05:39:54 +0000</pubDate>
	<generator>http://wordpress.org/?v=2.2.1</generator>

	<item>
		<title>By: NetDudette</title>
		<link>http://www.economistblog.com/2008/03/24/if-life-is-so-awful-today-why-do-so-many-college-students-own-cellphones-ipods-and-digital-tvs/#comment-2026</link>
		<author>NetDudette</author>
		<pubDate>Sat, 04 Oct 2008 21:14:35 +0000</pubDate>
		<guid>http://www.economistblog.com/2008/03/24/if-life-is-so-awful-today-why-do-so-many-college-students-own-cellphones-ipods-and-digital-tvs/#comment-2026</guid>
		<description>Well put! 

It's amazing the sense of entitlement we have in our culture. 

The other day, I had a friend try to explain to me about how awful it is that so many are falling below the "poverty line" nowadays, and I then tried to explain to her that people are considered "poor" in this culture who live like KINGS AND QUEENS compared to people in other countries who have similar skills &#38; education.

In our culture, almost everyone has something to eat... worst case scenario, there is welfare/food banks. 

You can even buy a perfectly good iPod for $10.00 from a crackhead in any major city if you really want one. The person it got stolen from just goes out and buys a new one, and life goes on. Cops would laugh at you if you called them about a stolen iPod.

We have lost respect for material goods, while at the same time we are worshiping material wealth. It seems contradictory, but that's how I see it.

I like to ask people who whine about our standard of living going down:
"What if everyone in the world wanted your standard of living?"

The answer is obvious: global environmental devastation. In fact, the concept of such conspicuous consumption for the world's 6 billion or however many there are of us is completely unthinkable anyway. There isn't enough.

There is a natural equalization going on right now I think. It's like physics. This artificial bubble of conspicuous consumption is about to burst. People all over the world who are *rich* will have iPods; poor people in our culture will soon not be able to afford iPods.

It's not natural anyway, for average people to enjoy the luxuries that we do. 

In reality (in a realistic economy), you would/should have to work your BUTT off if you want the kind of sexy little gadgets that these college students think it is their God-given right as first-worlders to enjoy even though they are "poor" or "broke".

We'll see major inflation here soon, and those iPods will be for the super-rich only.</description>
		<content:encoded><![CDATA[<p>Well put! </p>
<p>It&#8217;s amazing the sense of entitlement we have in our culture. </p>
<p>The other day, I had a friend try to explain to me about how awful it is that so many are falling below the &#8220;poverty line&#8221; nowadays, and I then tried to explain to her that people are considered &#8220;poor&#8221; in this culture who live like KINGS AND QUEENS compared to people in other countries who have similar skills &amp; education.</p>
<p>In our culture, almost everyone has something to eat&#8230; worst case scenario, there is welfare/food banks. </p>
<p>You can even buy a perfectly good iPod for $10.00 from a crackhead in any major city if you really want one. The person it got stolen from just goes out and buys a new one, and life goes on. Cops would laugh at you if you called them about a stolen iPod.</p>
<p>We have lost respect for material goods, while at the same time we are worshiping material wealth. It seems contradictory, but that&#8217;s how I see it.</p>
<p>I like to ask people who whine about our standard of living going down:<br />
&#8220;What if everyone in the world wanted your standard of living?&#8221;</p>
<p>The answer is obvious: global environmental devastation. In fact, the concept of such conspicuous consumption for the world&#8217;s 6 billion or however many there are of us is completely unthinkable anyway. There isn&#8217;t enough.</p>
<p>There is a natural equalization going on right now I think. It&#8217;s like physics. This artificial bubble of conspicuous consumption is about to burst. People all over the world who are *rich* will have iPods; poor people in our culture will soon not be able to afford iPods.</p>
<p>It&#8217;s not natural anyway, for average people to enjoy the luxuries that we do. </p>
<p>In reality (in a realistic economy), you would/should have to work your BUTT off if you want the kind of sexy little gadgets that these college students think it is their God-given right as first-worlders to enjoy even though they are &#8220;poor&#8221; or &#8220;broke&#8221;.</p>
<p>We&#8217;ll see major inflation here soon, and those iPods will be for the super-rich only.</p>
]]></content:encoded>
	</item>
</channel>
</rss>
