From declines in home and vehicle ownership to global inflation and government spending, many of the trends of modern life reveal a new world that is emerging – one in which Western citizens, by choice or by circumstance, increasingly do not own possessions or accumulate wealth. It’s the perfect economic environment for the rich and powerful to solidify their positions and prevent anyone else from getting ahead.
“It may sound absurd, but a good example is one’s main communication device, the cellphone. You do own the device, but it is rendered useless/worthless if the cellphone network decides to switch off your connection.
The phrase, “You’ll own nothing and be happy”, originated in a 2016 video
