Excessive consumption of goods and services
- Overconsumption
Nature
Excessive consumption of goods and services refers to the overuse and over-purchase of products beyond individual needs, often driven by consumerism, advertising, and societal pressures. This phenomenon leads to environmental degradation, resource depletion, and increased waste, contributing to climate change and ecological imbalance. Additionally, it can foster economic inequality, as the pursuit of material wealth often prioritizes profit over sustainability. Excessive consumption also impacts mental health, as individuals may experience stress and dissatisfaction despite material abundance. Addressing this issue requires a shift towards sustainable practices, mindful consumption, and a reevaluation of societal values regarding material wealth.
Incidence
The population of the USA, as 5% of the world's population, consumes 30 % of the worlds resources. The USA at the present time must borrow over $150 billion a year externally to finance a 15 year long binge of household, social and defence spending. The USA has become the largest debtor in the world from the largest creditor in the last two decades.
Claim
According to the Vatican, the real problem is not overpopulation, but overconsumption.
Societies that consume more goods and services than they produce or can purchase from which they produce are morally and financially in difficulty.
Counter-claim
Excessive consumption of goods and services is often overstated as a problem. In a thriving economy, consumer choice drives innovation and growth. People have the right to enjoy their hard-earned money, and businesses flourish by meeting diverse demands. Rather than demonizing consumption, we should celebrate it as a reflection of personal freedom and economic vitality. Focusing on excessive consumption distracts from more pressing issues like poverty and inequality, which deserve our attention and action.
Broader
Narrower
Aggravates
Aggravated by
Reduces
Strategy
Value
Reference
SDG
Metadata
Database
World problems
Type
(C) Cross-sectoral problems
Biological classification
N/A
Subject
Amenities » Consumption
Commerce » Merchandise
Economics » Resource utilization
Social activity » Services
Content quality
Presentable
Language
English
1A4N
C2518
DOCID
11325180
D7NID
135533
Last update
Feb 23, 2022