Tag Archives: ‪culture

Who is in Control of Markets: Humans or Financial Models?

by Ekaterina Svetlova* The recent stock market correction raised again the question of who is in control of markets: humans or technology. Nasdaq CEO Adena Friedman said on CNBC that „humans are definitely in charge of the decisions in the market” … Continue reading

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Christmas and conspicuous consumption: “People want something that shows money”

The commercialization of Christmas in the light of — and in the wake of — industrial capitalism in the UK and US during the 19th century– is a very interesting subject matter. (At the end of this post I added two links to … Continue reading

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Market is deceitful, and beauty is vain

“The rise of consumerism led the body image industries to develop a sure-fire formula for success: promote a thin ideal of beauty that the majority of women can never attain and thereby create virtually infinite demand among consumers. The irony … Continue reading

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Genealogy of Capitalism and Sacred Economics in Victorian Britain

“Labour is Life: from the inmost heart of the Worker rises his god-­given Force, the sacred celestial Life-­essence breathed into him by Almighty God…”                                                      … Continue reading

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Ethnographies of austerity

Austerity is not about numbers, economic data or amorphous macro-scale policies; Austerity is about people. Middle and working-class people, they are the ones who bear the brunt of oppressive neoliberalism and carry the depressing burdens of austerity in their everyday life: increasing unemployment, … Continue reading

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Jerry ‪Seinfeld‬ on ‪consumerism‬, ‪advertising‬ and ‪culture‬ of ‪consumption‬ :-)

Jerry Seinfeld: “I love advertising because I love lying… I think spending your life trying to dupe innocent people out of hard-won earnings to buy useless, low-quality, misrepresented items and services is an excellent use of your energy.” (4 min … Continue reading

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