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End of consumerism?
by Neeraj Tyagi on Feb 01, 2008 04:45 PM

Does this collapse (if it does occur) go to show that capitalism and consumerism are also failed ideologies? On the brighter side reduced US consumer spending may be good for the worlds environment and other natural resources such as oil. A poorer US may also think many times before plunging people in to war.

Cheers
Neeraj Tyagi

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Americans have finally panicked