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 Powerlessness and Consumerism

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Nemo

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Location : Wabbit Hole
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PostSubject: Powerlessness and Consumerism   Wed Aug 09, 2017 10:16 pm

Consumerism is a simulacrum of real economic agency.

There is perhaps no better metric of class in America than personal power--what is known as agency: the power to influence or transform one's circumstances in a a self-directed manner. Those with agency have power, those without agency (or very limited agency) are essentially powerless.



The more capital you have, the greater your power to influence or change your circumstances. The less capital one has, the less power one has to influence the world around us. This is why money equals power: cash enables the purchase of all sorts of extensions of agency: transport, education, assistance, expertise and so on.

But cash isn't the only form of capital that can be drawn upon to generate agency: credit is almost as good as cash, if one can borrow the money at near-zero rates of interest. The intellectual/social capital implicit in entrepreneurial agency is not financial, but it empowers those who possess it in ways that cash or credit alone cannot.

If we add these tangible and intangible forms of capital up, we get a taxonomy of agency/power: those with little capital or credit, and little intellectual/social capital to draw upon for agency are powerless in an economy and society where everything has a price and everything is for sale to the highest bidder.

https://charleshughsmith.blogspot.co.nz/2017/08/powerlessness-and-consumerism.html
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