Your assignment is to prepare and submit a paper on mass consumption and the westernization of the world. A culture of Mass consumption can be good for the economy since as more people spend, there is increased activity in the economy, which promotes the growth of the economic system.
Credit cards are also another integral part of a consumer society and they support the culture of mass consumption (Ritzer, 2010). Credit card utilization in the modern world has made it very easy for members of the society to not only access their own money but also made the giving of soft loans easier and more automated. Prior to the introduction of credit cards, individuals may have to go through long processes before they were given a loan by a bank. As the rest of the world becomes consumer societies, they will have to embrace the culture of credit cards within their societies.
The culture of credit cards as a financial tool, as opposed to just as a way to offer financial transactions, is being used more in most regions of the globe, and mostly in China where an economic boom in the last two decades has made it attractive to the corporations that benefit from this kind of mass consumption. This increased mass consumption does not happen in itself but is woven into a culture that supports it. In other words, mass consumption is not a culture in its self but an element within an even bigger culture, a culture that is seen to be a western culture. The western culture that supports mass consumption has the following tenets that will be distributed to the rest of the world if consumerism gets around the world.
As the rest of the world becomes mass consumers, this will become an inevitable result. There is a reason why negative capitalism is inherently linked to mass consumption. First, due to the fact that mass consumption leads to people spending too much, they start having to want to make more and more money. .