In the video "The New Economics: 101" Economist and bestselling author Juliet Schor lays out a positive vision for rethinking our relationship to consumer goods in this accessible and timely analysis of the devastating ecological, social, and personal costs of mass consumerism

In the video "The New Economics: 101" Economist and bestselling author Juliet Schor lays out a positive vision for rethinking our relationship to consumer goods in this accessible and timely analysis of the devastating ecological, social, and personal costs of mass consumerism. The result is a bold and practical vision for replacing the old dead-end, debt-financed, work-and-spend cycle with a new paradigm of sustainability fueled by the abundant and infinitely renewable resources of time, creativity, and community.

Address the important issues in the video. Please write a 1-2 page report that addresses the key topics. Do you think that Schor's vision is applicable in the global economy? Why or why not.

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