Question
What was dangerous about the rise of consumerism?
People had less money saved in case of financial problems.
Prices rose so high that people could not afford to buy food.
Banks refused to give loans to people who needed money.
Economic growth was threatened by the production of unnecessary goods.
People had less money saved in case of financial problems.
Prices rose so high that people could not afford to buy food.
Banks refused to give loans to people who needed money.
Economic growth was threatened by the production of unnecessary goods.
Answers
GPT-4o mini
The rise of consumerism brought several dangers, but one of the most significant was that economic growth was threatened by the production of unnecessary goods. When consumerism focuses on promoting the purchase of items based on desire rather than need, it can lead to overproduction and overconsumption. This can create unsustainable economic practices, environmental concerns, and contribute to a cycle of debt as people are encouraged to buy more than they can afford, ultimately leading to financial instability. Additionally, consumerism can shift priorities away from saving and investment toward short-term gratification, which can have long-term consequences for personal and economic health.