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Full Video on Youtube : Consumption, Contentment, and Climate Crisis || Acharya Prashant, IIT Bhubaneswar (2021)

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Transcript
00:00Why are cigarettes taxed so heavily? Why are they not allowed to sold to miners?
00:06There has to be reason, right? And the reason is two-fold. Yes, when a pack of cigarettes is
00:13purchased, there is economic activity, money changes hands, a transaction takes place and
00:18it contributes to the GDP. On the other hand, this same person if he continues to consume this stuff
00:25would become totally incapable of any economic activity. A large number of them
00:31would just become liabilities upon the economic system because they are now
00:38stabbed of their power to work meaningfully think. Their very physical
00:45infrastructure is lost for them. And then secondly, there is the inner reason. Why
00:50consume something that does not contribute to your inner wellness? Even though
00:55they will have great sales and all that will continue due to GDP. But in the
01:01medium term itself, they are contributing to both economic decline and personal
01:06internal decline.
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