
Saved by sari
I Don't Feel Like Buying Stuff Anymore
Saved by sari
The result has been a dynamic of materialism (‘retail therapy’) fuelled by cheap imports as compensation for the lost ability to work towards security (home ownership, for example), along with, increasingly, drugs and depression. Sociologist Wolfgang Streeck calls this ‘coping, hoping, doping and shopping’.
There are four big forces that have played a critical role in manipulating and feeding hyper-consumption: the power of persuasion; the buy now, pay later culture; the law of life cycles; and the “just one more” factor.