When is enough, literally, enough?
A new film "...reveals that the financial industry's best customers are the broke and the bankrupt. The most profitable niche of the industry is called "alternative" or "sub-prime"-- euphemisms for a business formerly known as loan-sharking. They target those with less than perfect credit-people...
"...(The film) explores the financial industry's influence over the President and Congress. When you are the largest contributor to a President's re-election campaign, you can not only write laws but you can eliminate one of the oldest federal rights: bankruptcy. The industry gets whatever it wants. The result? Traditional protections disappear. The rich get richer and the poor get poorer."
- From http://www.maxedoutmovie.com/
American consumers are over $2.4 trillion in debt. That's trillion, folks. And yet bank profits broke new records in 2006, largely due to those little fees paid out in the form of interest, late fees, over-the-limit fees and, of course, ATM fees. People use their own homes as cash machines (in the form of refinancing or equity loans) to supplement their credit card spending, pursuing the next purchase that will make all the long hours at work and personal alienation worth the sacrifice. Imagine the scenario of the snake eating its tail, satisfying its hunger while destroying itself. And now imagine the kind of mental state this puts people in: working more to own more, owning more but now having to work more. Rinse and repeat.
Consider that since 1997, when it was legal to start consumer advertising for prescription drugs, any "unpleasant" (i.e. undesirable) feeling was suddenly portrayed as a sign of illness, and luckily there was a brand new pill for whatever ails you. But who was "discovering" all these new disorders and establishing the symptoms? Big Pharma, of course. As patents ran out on some drugs, profits from new ones were needed to keep the shareholders happy. So, for example, a fidgety 4-year-old gets diagnosed with ADD and is given medication to alter her brain chemistry so she'll behave "normally". Uh, since when is it OK to mess with the developing nervous system of a generation of children with drugs that have questionable results, just so parents and teachers can turn their attention to something else... like their own comfort?
At some point, drugs that alter our bodies and minds so we can alter our lifestyle became acceptable, but the irony is that while a person is taking a pill to deaden their feelings, they're pursuing a lifestyle of material gluttony so they will feel something, anything at all. Not "performing long enough" in the bedroom (there's a universally agreed-upon standard minimum time?)? Not loving every moment of your life? Are your children hyperactive from sugary foods and impulsive from thousands of television commercials (surprise!)? You know the mantra, let's say it together: talk to your doctor.
But there may be a real solution...and it's measured, but not made, in the lab: several studies have shown that Buddhists are actually happier. An article in The Independent says that "MRI scans showed that...long-term meditators - who had completed more than 10,000 hours each - experienced a huge level of 'positive emotions' in the left pre-frontal cortex of the brain, which is associated with happiness. The right-hand side, which handles negative thoughts, is suppressed."
In "Fight Club", Tyler Durden says, among many things, "The things you own end up owning you. It's only after you lose everything that you're free to do anything." Does that make you think, (1) that's really sage advice, or (2) I want to own the collector's edition double DVD set?
Published by KeenEddie
I am a freelance writer, graphic designer, used planet salesman and armchair philosopher. These days I have been drinking lots of espresso and thinking about how I will change the world. View profile
- Credit Cards - Advantages and DisadvantagesCredit cards have become a vital part of our daily life. Over the years the number of credit card users around the world has been exploding. This article discusses some facts about credit cards and how to use it wisel...
- The Many Advantages of Credit CardsIt has been estimated that nearly 85% of American households have credit cards of some sort. Why is that? Because credit cards offer tremendous financial benefits. Here are just a few of the major advantages having a...
- Maximizing the Benefit of Your Rewards Credit CardsFor those of us who know how to use them properly, credit cards can actually be quite fun and lucrative. I'm talking about taking full advantage of the benefits and offers that credit card companies and store chains o...
- Buyer Beware: Store Credit Cards Just Another GimmickMore and more stores are competing for customers' money by offering store credit cards. Consumers can save 15 percent and are told they can pay off their credit debt immediately, but the tactic has become increasingly...
- Credit Cards: Friends or Foes?Credit cards, in themselves, are not evil, but the misuse of credit cards can end up being your worst nightmare.
- Personal Finance 101: Credit Cards Are a Scam!
- Are Credit Cards a Thing of the Past?
- Hints on Using Credit Cards Wisely when Traveling
- Personal Financial Management Today - Credit Cards!
- The Best Credit Cards to Get When You Want to Establish or Rebuild Credit
- How to Make Credit Cards Work for You
- 10 Tips to Get a Merchant Account to Accept Credit Cards for Your Business
- Consumer overconsumption is a modern plague.
- There is an insatiable need to pursue creature comforts at any cost.
- There is a chemical solution for everything you feel. Or don't feel.

