Reference Terms
from Wikipedia, the free encyclopedia


Consumerism is a social and economic order that encourages the purchase of goods and services in ever-greater amounts.

Early criticisms of consumerism are present in the works of Thorstein Veblen (1899).

Veblen's subject of examination, the newly emergent middle class arising at the turn of the twentieth century, comes to fruition by the end of the twentieth century through the process of globalization.

In this sense, consumerism is usually considered a part of media culture.

The term "consumerism" has also been used to refer to something quite different called the consumerists movement, consumer protection or consumer activism, which seeks to protect and inform consumers by requiring such practices as honest packaging and advertising, product guarantees, and improved safety standards.

In this sense it is a movement or a set of policies aimed at regulating the products, services, methods, and standards of manufacturers, sellers, and advertisers in the interests of the buyer.

In economics, consumerism refers to economic policies placing emphasis on consumption.

In an abstract sense, it is the consideration that the free choice of consumers should strongly orient the choice what is produced and how, therefore the economic organization of a society (compare producerism, especially in the British sense of the term).

Also this vote is not "one man, one voice," but "one dollar, one voice," which may or may not reflect the contribution of people to society.

Note:   The above text is excerpted from the Wikipedia article "Consumerism", which has been released under the GNU Free Documentation License.
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November 25, 2015

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