The manufacturing of personal value is a weakness in capitalism. It isn't, however, a problem. In a time of plenty it is perfectly acceptable, and likely healthy, to do this. It makes lots of jobs, wastes lots of money on lots of things and drives the economy. Should our time of plenty come to an end, the first things to go will be all the manufactured needs and wants.
People won't buy a new PS4, if they can't afford to put a roof over their head.
People won't buy a new PS4, if they can't afford to put a roof over their head.