Wealth Addiction

I just read an article on wealth addiction as part of my concerted effort to read more about the minimalism movement. I highly recommend the full article.

“Wealth addiction was described by the late sociologist and playwright Philip Slater in a 1980 book, but addiction researchers have paid the concept little attention. Like alcoholics driving drunk, wealth addiction imperils everyone. Wealth addicts are, more than anybody, specifically responsible for the ever widening rift that is tearing apart our once great country. Wealth addicts are responsible for the vast and toxic disparity between the rich and the poor and the annihilation of the middle class. Only a wealth addict would feel justified in receiving $14 million in compensation — including an $8.5 million bonus — as the McDonald’s C.E.O., Don Thompson, did in 2012, while his company then published a brochure for its work force on how to survive on their low wages. Only a wealth addict would earn hundreds of millions as a hedge-fund manager, and then lobby to maintain a tax loophole that gave him a lower tax rate than his secretary.”

  2 comments for “Wealth Addiction

  1. February 5, 2014 at 1:24 PM

    Great article. I have been reading so many articles on demise of the middle class. It seems that money or “enough” is something we all live to find worth and find happiness in what we have.
    Always groping for more does become an addiction or a hole to fill.
    pve

    • February 5, 2014 at 2:19 PM

      I really enjoy these books and websites by the minimalists, pve. Not being focused on things gives more time for creativity, which reminds me of you!

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