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A consumption boom is nothing to fear

Consumption’s purpose, beyond the necessities, is to make our lives better in the here and now 

©The Financial Times Limited 2020 Aug 9, 2021 / 12:34 PM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
A consumption boom is nothing to fear

Source: AP

Gavin Jackson Politicians love investment. Partly it is the visual appeal: hard hats and construction projects make a great metaphor to illustrate how they will rebuild the country; a new science campus demonstrates the possibilities of the future; bridges and trains show how they are reconnecting a disjointed people. But the veneration of investment is a trap that many of us fall into: seeing it as the good kind of spending while consumption, its larger but less-loved brother, is unsustainable...

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