Does Marketing Envy Cause Poverty?
produced. Before stating anything else further, my belief is that economics and philosophy complete one another. Although some might argue otherwise, a diatribe as to whether ‘Envy’ belongs to the realm of philosophy or economics doesn’t serve any real purpose at this stage. The bottom line is that ‘envy’ is detrimental to wallets and portfolios. As a matter of fact, in the Western culture, the world ‘Envy’ doesn’t sound as bad as ‘Jealousy’. In many instances ‘envy’ is even perceived as flattering. It has little to do with its initial meaning, which you will see can be highly threatening. One of the most striking examples of blatant ‘envy’ is the made-in China buying frenzy, especially the counterfeit market that may reach up to 1.3 trillion dollars in the world economy by 2010. As most of the glamorous brands selling ‘envy’ relocated in China in order to satisfy their ‘envious’ stockholders, their products also became a lot more affordable for the masses. Dynamics of the market being
