Now days, buying thrift is trend. But is re-using your grandma's coat really doing society any good? Or are we all just wearing old clothing for nothing?
Buying second-hand or used seems great in the moment, but according to Keynes it is really putting other out of jobs. This is because buying used does not promote new growth. New growth can only happen when there is a demand. If everyone demands used goods, we will get stuck in a cycle of no growth.
So, next time you feel like spending fifty dollars on a sweater, do it. You're doing good in the world by promoting growth which creates jobs. Leave the thrift stores and spend the twenty dollars in your pocket elsewhere.
However, what would happen if we only bought new goods? The nation and country would be filled with waste and pollution would sky-rocket. Buying used enables goods to be used to their full potential value. If we never bought used goods we would be driving brand new cars while all the previous years' models of cars sat in drieways in driveable conditions .
Recycling is great but it has to be balanced with buying new . This will create a maximization of use in products but keep the incentive for the production of new products.