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Jewish World Review March 22, 2005 / 11 Adar II, 5765 More! More! More! Desire for status and possessions takes toll on happiness, credit By Jamie Malanowski http://www.JewishWorldReview.com | There's a heartwarming commercial on TV from Hallmark. An adorable little girl receives a card from her grandma. The little girl's face brightens, as though a candle had been lit inside her — a veritable candle of love. She then goes to her room, reaches under her bed and pulls out a box. It's where she keeps her most precious possessions. You might have already begun to think that this is not a little girl who gets out much. Then you see how bogus this kid is because among her precious items are jacks. Well, I've got two girls in my house not much older than that girl. One was recently overheard snarling that her year-old iPod was embarrassingly outdated. My girls might know what jacks are, but they might also think they are some poorly designed martial-arts weapon. The ad, of course, wasn't designed aimed at little girls; it was aimed at grandmas. They know what jacks are. You wouldn't impress them by having the little girl pull out a box with an iPod in it. The point is, we want people to buy things. We want grandma to buy the cards, and the kids to buy the iPods, and then go out tomorrow and buy something else. We want people to buy things because that's currently the engine of our prosperity: Great gushes of spending that are fueled by money we're borrowing from foreign governments. We also want people to buy things because that's the key to our security. If this seems a little sick to you, well, you're not alone. A UCLA professor named Peter C. Whybrow has written a new book called "American Mania: When More Is Not Enough.'' (Click HERE to purchase. Sales help fund JWR.) His thesis is that Americans have become literally addicted to the pursuit of status and possessions, and the supercharged lives we lead deprive us of the only things that can really make us happy, namely, relationships with other people. "In our compulsive drive for more," Dr. Whybrow told The New York Times, "we are making ourselves sick.'' Dr. Whybrow is interested in the psychological and even the spiritual aspects of this phenomenon, but last week there was an interesting political slant put on consumer spending. Acting at the behest of a $35 million lobbying effort from the credit card companies, the Senate passed a bankruptcy reform bill that makes it much harder for individuals to walk away from crushing debts. It should never be easy for people to walk away from their bills, so to that end, the bill was probably good. But the bill was astonishingly stacked in favor of the rich, allowing them to protect assets in bankruptcy proceedings, while people who have run up debts due to illness or job loss will now have a harder time getting relief. And the bill was stacked in favor of the credit card companies. They are now freer to immerse consumers — spending-addicted consumers, Dr. Whybrow says — deep in debt, with the same remorselessness that dealers push dope. An amendment to limit the interest rates they can charge to 30 percent was quashed. Tennessee Ernie Ford once sang "Sixteen Tons," about a miner who couldn't afford to die because he owed his soul to the company store. Somebody should recut it, but sub in the word Mastercard. Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here. JWR contributor Jamie Malanowski is a columnist for The Washington Examiner. Comment by clicking here. 03/15/05: Terror suspects can buy guns: Are you kidding me? 03/08/05: Ownership society? Some of us don't have the mental acuity to rationally speculate about the future 03/01/05: Royal flaps make sad English chaps © 2005, Jamie Malanowski

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