“Armaments, universal debt and planned obsolescence – those are the three pillars of Western prosperity. If war, waste and money-lenders were abolished, you’d collapse” — Aldous Huxley
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Huxley believed that armaments, universal debt, and planned obsolescence were the three pillars supporting Western prosperity. He argued that without these things, Western societies would collapse economically. Specifically:
- Armaments refers to weapons manufacturing, which drives significant government and private sector spending.
- Universal debt, meaning widespread personal and national debt, fuels continued spending through credit and debt repayment.
- Planned obsolescence, where products are designed to go obsolete quickly to drive new purchasing, stimulates ongoing consumer spending.
Huxley suggested that without this constant cycle of spending driven by these three factors, Western economies would struggle and potentially collapse due to lack of continuous economic activity and growth.