How are Capitalism and Consumerism distinct?

Capitalism as we know it is based on growth, and growing assets through investment in development. Without consumerism the economy would be much smaller. Consumer gadgetry would certainly shrink, as people lived with old-fashioned means and methods that work just as well. read more

Capitalism Capitalism is a socio-economic system that encourages producers, resource owners and consumers to carry out economic activities with minimal or no state interference. read more

Consumerism, on the other hand, means the desire to consume and own products for pleasure or because of peer pressure as a way to project your status in society. It has no direct connection with capitalism. read more