In their book, Nation of Rebels , Joseph Heath and Andrew Potter explain why the Marxian critique of the consumer society as a product of “generalized overproduction” doesn’t work: “There is no such thing as generalized overproduction. Never was, never has been.” More fully, “The problem with Marx’s theory is that it ignores the fact that a market economy is fundamentally a system of exchange. Although we sell goods in return for money, the money itself is not consumed; we... Read more