Does status anxiety play a part in driving the economy?

In Status Anxiety, Alain De Botton discusses the desire of people in many modern societies to “climb the social ladder” and the anxieties that result from a focus on how one is perceived by others. De Botton claims that chronic anxiety about status is an inevitable side effect of any democratic, ostensibly egalitarian society.

What I find interesting is that in our modern western democracies – where the popular idea is that we’re all equal – a lot of people are striving to be more than equal. They don’t want to be average or ordinary and they want the material possessions they think people who are higher up the status ladder should own. This can lead people to take on ever greater levels of debt to fund their lifestyles – to create a facade of success and to help elevate themselves up the social ladder. I do know people who live in big houses and drive flash cars, but barely have two pennies to rub together – they’re up to their eyeballs in debt.

Now that credit is not as easily available and with the effects of peak oil coming down the pike, do you think the desire to climb the social ladder will go away, or will people discover as simpler way to live that doesn’t revolve around keeping up with the Jones’?

Status Anxiety

The Power of Community – how Cuba survived Peak Oil

I went over to FoodMatters.tv to order another copy of Food Matters (an excellent DVD about food and nutrition) and I noticed they’d added some more DVD titles to their website – including this one: The Power of Community – How Cuba Survived Peak Oil. The trailer looked interesting, so I ordered a copy, but I also found it posted on Google video. I find it interesting and somewhat inspiring how the people in Cuba have reacted to changing economic circumstances and the lack of energy. I’ve always pictured the future going the way it has in Cuba (or at least how they represent it in this documentary) rather than the gloomy Mad Max style apocalyptic scenarios we sometimes hear about. When I’ve talked of going local this is how I imagined it. Here’s the video from Google video. There seems to be a little bit missing and the sound is a little out of sync, but it’s watchable. If you find it interesting please buy a copy of the DVD – and share it with the nutty folks who think the world is coming to an end!

http://video.google.com/videoplay?docid=-1721584909067928384
(Sorry – I tried to embed it but WordPress isn’t playing nicely)