I would submit that it's not consumerism, exactly, but greed. The desire
to have more than we need... much more, and making sure that everyone can see
us having more.
There are two definitions of 'consumerism' I find in common use:
1) Protecting the consumer by enforcing product safety and honest packaging
and labeling.
2) The greatest good in life is how much and how many material goods you can
use up or claim possession to.
It is the second to which I refer. As such it is the same as your defintion
of wanting to use and possess more than we need. I might wax affective and
say 'more than will make us happy'. Consumerism is very closely akin to
materialism.
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