Mihai

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This plays out in the realm of consumption too. Inequality stimulates a sense of inadequacy. It makes people feel that they need to work longer hours to earn more income to buy unnecessary stuff, just so they can have a bit of dignity.43 In this sense, inequality creates an artificial scarcity of well-being. In fact, this effect is quite often wielded as an intentional strategy by economists and politicians.
Less is More: How Degrowth Will Save the World
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