I look at you across the train carriage. I can see the clothes you wear, I can guess the car you drive, possibly take a stab at the house you live in. In my arrogance, I think I’ve got you down. Then you get your phone out and start pushing buttons and swiping around. I can now only see your facial expressions for any clue whatsoever as to what you’re looking at, who you might be messaging, what you might...
by nathan jurgenson Less Credit/Less Consumption Consumption is down. While this might be a momentary hiccup, it could very well be the case that Western societies will have to “reset” and pull back on consumption levels for a long time to come. Much of the consumption literature has pointed to Western conspicuous and hyper-consumption as an integral ethic of modern society. We have been consuming well beyond our means by relying on debt to fuel our consumer economy, an unsustainable...
by bmckernan Over one hundred years ago, noted sociologist Thorstein Veblen introduced the concept of “conspicuous consumption” to describe the lifestyle of members of the upper class who purchase goods and services not out of necessity but instead as indicators of their wealth and status. According to a recent Newsweek article, the era of conspicuous consumption may be placed on momentary hiatus as millions of Americans struggle to make ends meet. While the article should not be treated as a...
by rbobbitt Turn on the news on any given channel at any time during the day and more than likely you will hear something of the “hard times” befalling Americans as we continue to struggle through was has finally been recognized as a recession. As the holidays are upon us, pundits lament how holiday sales are down and people are modestly spending on one another. However, perhaps we Americans should be putting in perspective what we view as “tough times.”...
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