New Rockford Transcript - Official Newspaper of Eddy County since 1883

"Wasting resources, capital and income on stuff nobody really needs," Charles Hugh Smith wrote in 2017, "is a monumental disaster on multiple fronts. Rather than establish incentives to conserve and invest wisely, our system glorifies waste and the destruction of income and capital, as if burning time, capital, resources and wealth on stuff nobody needs is strengthening the economy."

I come across the "stuff nobody needs" argument frequently, from voices all across the political spectrum, for reasons ranging from economic to environmental to spiritual.

I also notice that in the featured po...