e anti-capitalist slogans, ‘The World Is Not A Commodity’ and ‘Our World Is Not For Sale’, are tremendously powerful statements about how capitalism insidiously tries to turn human beings into passive consumers for its products. But where does the real power lie? Daniel Margrain explains.
When we talk about consumerism, the emotive arguments for and against are always black and white. Consumerism is painted as unnecessary and low or no growth is seen as the optimum state for people and planet. But what if acquiring objects and possessions is intrinsic to human nature? What if, in reality, the consumerism argument is far more nuanced, which should make us rethink how we spend, what we buy and which things are most important to us. Joining us to work out where next for consumer spending and give historical context to the rampant consumerism we seem to love is the author of ‘The Empire of Things’, Professor Frank Trentmann.
Class…it’s something quite subjective. But do we now judge social class through someone’s lifestyle choices and job roles, rather than their relationship to the means of production? Daniel Margrain unlocks the subtle, but important, change.
Responses to previous instalments of my “Economic Perspectives” include queries on why unbridled credit expansion by the main central banks in USA, UK, EU and Japan does not appear to be reflected in a commensurate rise in the general price level, affecting all sectors of the economy.
The rush into economic progress has made us happy, healthy and contented. But IKEA thinks we may have reached saturation point.