How Fear and FOMO Drive Consumerism and its Negative Effects on Well&being and Sustainability
Economic growth is fueled by consumer spending, yet FOMO and fear-based advertising boost consumption, which encourages materialism and environmental deterioration. The negative effects of consumerism can be addressed, and policies that encourage sustainable production and consumption as well as expenditures in programs for education, healthcare, and social assistance can promote well-being and a more just and sustainable economy. For a happy and sustainable future, economic growth and well-being must be approached holistically.
Economic growth is fueled by consumer spending, yet FOMO and fear-based advertising boost consumption, which encourages materialism and environmental deterioration. The negative effects of consumerism can be addressed, and policies that encourage sustainable production and consumption as well as expenditures in programs for education, healthcare, and social assistance can promote well-being and a more just and sustainable economy. For a happy and sustainable future, economic growth and well-being must be approached holistically.
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