"The wealthy world has been burning vast resources on a zero-sum status competition — in which workers must perpetually increase their consumption just to “keep up with the Joneses.” By abandoning such spiritually corrosive consumerism — and embracing more egalitarian and communal ways of life — rich countries can downsize their economies and uplift their people simultaneously."


Vox
Can money buy Americans happiness?
The real cause of America’s “vibecession.”