Even though people throughout history had to work to make ends meet, today we live in a society which has led us to believe that we are economically free, despite the fact that we are bound in servitude in reality.
Working 40 hours a week is considered normal and more and more people are working overtime to get by. There are also those who earn enough money to live well, but they are not able to require less hours. You either work 40 hours a week or you don’t work at all!
There are also certain rules which should be obeyed, particularly in terms of what to wear, how to behave, when to eat, and when to use the restroom.
The 40-hour work week came during the Industrial Revolution in Britain and it is still accepted today, despite the fact that it is completely unnecessary. There are various factors that contribute to the acceptance of this concept, the major three being consumerism, inflation, and debt. Read on to learn more about each of them.
Let`s say that the government needs money to finance whatever war they have chosen to wage. They ask for a loan from the Federal Reserve, which agrees to purchase bonds from them in the amount of the loan. A trade is made between the two- the bonds for the money. The government deposits newly printed money in another bank, takes cut in fees and interest and this is how money has been created.
This process, although it happens electronically, depletes the worth of the dollar. The value of the money is trusted to the Federal Reserve who reduces the value by printing more money. Interestingly enough, it turns out that the Federal Reserve creates money that didn’t even exist, for the cost of the printing.
Given that the money is created by loans, it has actually been created through debt. Money is equivalent to debt and the debt is equivalent to money. This means that if the government and the citizens in debt had the ability to somehow pay back the loans, there wouldn’t be any money in circulation. Interest plays a significant role in this equation, because the bank asks you to pay interest for each loan you take out from a bank.
The bottom line is that the nation will never manage to get out of debt, which is actually the purpose of this system. It sinks deeper and deeper while the cost of living is constantly increasing. In order to get by, we accept the 40-hour workweek and come to terms with the fact that we are born into this system as such.
Consumerism is the belief that spending a little fortune on goods and services is good for the people. With the current cost of living, consumerism has started to negatively affect the society, particularly when considering the inflation and the increasing debt.
Various psychological implications have been planted into people`s subconscious through advertisement which led to specific beliefs and habits. Here are some of them:
1. “Buy now pay later”
This mindset was established in 1919, promoting giving loans to those who purchased cars. This led to using credit plans on virtually everything.
2. Keeping up with the Joneses”
This mindset started when the GM announced their new automobile model change. People wanted of have the latest model each year, not only when it come to automobiles but any other product too.
3. “1929-1945 Depression and War”
Consumers were willing to spend their money right after the war was over, as the advertisers promised their products to be available under peaceful circumstances.
4. “Charge it!”
Diners Club promoted credits cards which services eminent individuals worldwide. These cards were advertised as “time-saving device”.
5. “Bigger is better”
During the 1970s, people who hadn’t requested credit cards were given ones by the big companies. This eventually exploited the idea that that “bigger is better”.
To sum up, the 40-hour workweek is a tool for companies to maintain the culture of excessive spending. Under these working conditions, people are basically forced to spend a lot of money in the evenings and days-off, as this is the only time when we do have any free time to enjoy ourselves.