[perl4ever]

I wrote a comment and then thought "I should really look up where the term consumerism comes from".

Because I didn't know and maybe I should. I spent half my life unaware of the origin of "capitalism".

In the early 20th century, "consumerism" was supposedly used to mean something like "consumer protection".

But in the mid 20th century, it was apparently adopted as a preferred term to "capitalism" in order to contrast Western economies with communism.

Then, by the 60s or so, it morphed into something like the modern sense of "a policy of encouraging consumption".

[germandiago]

BTW, some misconception here that I see so often: capitalism is not consuming a lot or too wildly. In fact, capitalism is not possible without saving, literally.

In order to raise our lives level there were previous savings that were reinvested in process improvement, which eventually kept raising our life standards. Capitalism is exactly about that: same product at better price or higher quality products.

We humans always try (yes, left wing people also!) to buy at the lowest price and sell at the highest price (in general terms). That is why competition is good, because it does not let business abuse a monopolistic position and the prices drop.

People try to associate excessive consumption to capitalism. I do not think it is a trait of capitalism per se.

[perl4ever]

The use of consumerism as a euphemism for capitalism is a (alleged) historical fact.

From what I read, consumerism did not have the negative connotation mid-century, whereas capitalism did.

I don't know how it happened, but seemingly "consumerism" acquired a similarly negative connotation, which is a Sisyphean cycle with euphemisms.

As I understand it, "capitalism" was an invention of the writers of the Communist Manifesto, while ironically "communism" was not. When a concept is developed purely for oppositional purposes, it can and often does attract people to defend it.

But in some sense, I feel like it doesn't really exist due to its origin. It amounts to the status quo, plus a word that lets people feel like they are opposing (or supporting) some one or thing rather than fog.

[germandiago]

True, capitalism was an invention of them :)

[pirate787]

Indeed, the rampant consumerism of our current day is powered by government, not capitalism. The US government actively promotes consumption through tax policy, monetary polity, and spending policy.

[germandiago]

I consider myself capitalist in mindset and I am more mean spending than I would like to admit. I like to consume what is "necessary".

I'd rather use my money in ways that make a more positive impact. Though I am not rich enough for that I guess.

[wahnfrieden]

capitalism is as much about wealth accumulation via rent seeking behaviors