Funny thing is it’s actually bad for the economy at large to needlessly waste money. Money not spent on a new bike is money that could be spent on other things or other investments. But wasting your money is good for certain individuals, i.e., whoever sells you that new thing. We just have an economy structured around all of us acting like crabs in buckets, pulling each other down just to try to get a little bit ahead ourselves. A better economy would be built upon cooperation and efficiency, not mutual sabotage and needless waste.

Parable of the broken window