Fuelling a growing consumer appetite - Deepstash

Fuelling a growing consumer appetite

In 1955, retail analyst Victor Lebow remarked, "We need things consumed, burned up, replaced and discarded at an ever-accelerating rate."

A huge effort was devoted to persuading people to buy things they did not really need. Similarly, manufacturers began to design inferior items, known as "planned obsolescence", to "become obsolete in the mind of the consumer, ever sooner that the components used to make them will fail."

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"My adversary is the world of finance." ~ Francois Hollande

The idea is part of this collection:

The Psychology of Money

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