Does capitalism generally lead to consumerism?

" The economy is more aptly seen as a market place. You enter, either as a buyer, or a seller. read more

Even if we take the most idealistic notion of capitalism, the idea of “free market” liberal capitalism where competitive markets exist to induce businesses to maximize social utility, at best the labor market exists to induce individuals to subordinate their time and energies to socially useful purposes. read more

It leads us to excessive "consumerism." There was a time when the advocates of socialism argued that it would lead man to material abundance, whereas free-market capitalism would lead only to increasing misery and would ultimately collapse under its own internal stresses. read more