Transformations of Consumerism
In the last few days, three major UK retail chains have gone bankrupt and are shutting up shop: Jessops, HMV and Blockbuster. Photography, music, and film rental. Pundits are saying that it’s inevitable as sales move to the web, and doesn’t mean the market will contract (except for film rental, which is no longer a viable business); there’s also a lot of comment on what Stuart Jeffries in The Guardian calls ‘a recession-backed, online-fuelled evisceration of the high street’. The health of the record market doesn’t interest me here, but what these closures say about the transformation of consumerism as capitalism seeks to adjust to its own crisis. Read more