Sun Yi
Eng 101
Week-6-research-and-journal
Bacevich points out that the spreading American crisis of confidence was an outward manifestation of an underlying crisis of values. Human identity is no longer defined by what one does, but by what one owns. But we’ve discovered that owning things and consuming things does not satisfy our longing for meaning. We’ve learned that piling material good cannot fill the emptiness of lives which have no confidence or purpose. In other words, Rebecca Bloomwood in the Confessions of a Shopaholic by Sophie Kinsella speaks for the consumerism in the USA today. She is a sweet and charming New York City girl who has a tiny, little problem that is rapidly turning into a big problem: she’s hopelessly addicted to shopping and drowning in a sea of debt. Finally, her compulsive shopping and growing debt issues threaten to destroy her love life and derail her career, she struggles to keep it all from spiraling out of control is ultimately forced to reevaluate what’s really important in life. The heroine brings us into a bitter smile by showing profligate consumerism in our society.
As stated on economic indicator, the financial system has reached the point of maximum peril. After years of profligacy, banks have all but stopped lending to each other as the US Congress decides whether to extend support. If the unravelling of the banking system continues, the economic consequences will be dire. Yet there is an even greater risk: that the politicians now contemplating Wall Street’s follies draw the wrong conclusions and take the wrong decisions, losing their confidence in markets altogether.
Bacevich claims about where the US has gone wrong, where our priorities have gone astray and it warns us that the continued pursuit of the imprudent extravagant spending let fall into the wall in this recession. Consequently, the problems of global imbalances are the result of American profligacy rather than its own excessive savings, will collapse.
Being realized on this situation, the practice could be started to things around our daily life. For example, Ford Excursion has a nine-foot-long, four-ton monster that wastes an entire gallon of gas to travel a mere twelve miles. That is why environmental groups like the Sierra Club have nicknamed the Excursion the Ford Valdez" after the Exxon Valdez, an oil tanker that dumped 11 million gallons of oil into the ocean. Therefore, the first thing to do in this country economizes on fuel, so that we should be relieved from dependence on foreign oil.