Current Patterns of Consumption
Contemporary economic models present the typical consumer as
deliberative and highly forward-looking, not subject to impulsive
behavior. Shopping for a product or a service is seen as an
information-gathering exercise in which the buyers look for the best
possible deal for products and/or services they have decided to
purchase. Consumption choices represent optimizing within an
environment of deliberation, control, and long-term planning. Whether
such a picture is accurate it would be news (and news of a very bad
sort) to a whole industry of advertisers, marketers, and consultants
whose research on consumer behavior tells a very different story.
Indeed, their findings are difficult to reconcile with the picture of
the consumer as highly deliberative and purposive.
Serious empirical investigations suggest that these assumptions do not
adequately describe a wide range of consumer behaviors. The simple
rational-economic model is reasonable for predicting some fraction of
choice behavior for some class of goods -apples versus oranges, milk
versus orange juice- but it is inadequate when we are led to more
consequential issues like consumption versus leisure, technological
products with high symbolic content, fashion, consumer credit, and so
on. In particular, it exaggerates how rational, informed, and
consistent people are; it overstates their independence. Moreover it
fails to address the pressures that consumerism imposes on individuals
with respect to available choices and the consequences of various
consumption decisions. By researching and understanding those
pressures, one may well arrive at very different conclusions about
politics and policy.
Corporations know that having a product available where target
customers can buy it is essential to their business success. From the
introduction of commerce to today's immense information exchange,
markets have always been the primary focus of any sound business plan.
That is because markets provide the necessary fuels for any industry to
evolve. By consuming a variety of resources and products and having
moved beyond basic needs to include luxury items and technological
innovations to try to improve efficiency, today's consumers have
created another type of consumer trend; consuming for the sake of
consumption.
Such consumption beyond minimal and basic needs is not necessarily a
bad thing in and of itself, as throughout history we have always sought
to find ways to make our lives a bit easier to live. However,
increasingly, there are important issues around consumerism and
consumption that need to be understood as they are at the core of many,
if not most societies. The impacts of current consumption, positive and
negative are very significant to all aspects of our lives, as well as
our planet. But equally important to bear in mind in discussing
consumption patterns is the underlying system that promotes certain
types of consumption and not other types.
- lyrickat21's blog
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