Lasting Value

Reading a review of Martin Wolf's lastest book, 'Fixing Global Finance', in the Business Spectator, I was struck by the thesis that the huge excess in production from the Far East had to be offset by huge consumption in the West, funded of course, by our binging on mortgages.

I have recently been clearing out my Dad's house and have been struck by how many things he had kept from when we were kids. Things that still worked; tools, kitchen implements, etc.

Why is it we have become seemingly addicted to the new, the novel, the disposable? We in marketing talk about value, but real value is the stuff that we buy today and will still be working in 20years time.

This was blackberry posted.