Tagged: creative destruction

Opinion

facebook, the transumer and liquid capitalism

by nathan jurgenson During this “great recession” capitalism might become lighter and more liquid while older and more solidified traditions wash away in the flux of unstable markets (potentially an economic “reboot,” similar to Schumpeter’s notion of capitalism as “creative destruction”). Zygmunt Bauman’s “liquidity” thesis about our late-modern world becoming more fluid seems relevant in light of the “transumer” and “virtual commodities”, both having received recent attention. The transumer (video) is, in part, one who encounters “stuff” temporarily as opposed...

Class & Stratification / Political & Economic Sociology / Social Movements / Social Change / Sociology of Culture / Sociology of Media & Communication / Sociology of Organizations & Work

George Ritzer Guest Post: Are Today’s Globalized Cathedrals of Consumption Tomorrow’s Global Dinosaurs?

By: George Ritzer Distinguished University Professor, University of Maryland A decade ago I wrote a book dealing with what I called the “cathedrals of consumption”. These are consumption settings that had, in the main, come into existence in the United States in the post-WWII era. Of particular interest were the most grandiose of these consumption settings including major indoor shopping malls, mega-malls (e.g. Mall of America), theme parks (especially Disneyland and Disney World), cruise ships, and above all the themed...