http://cultureby.com/2009/11/no-new-normal.html This Blog Sits At the Intersection of Anthropology and Economics Wed, 08 Feb 2012 08:43:22 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://cultureby.com/2009/11/no-new-normal.html/comment-page-1#comment-91 Patrick Pearce Fri, 27 Nov 2009 12:13:05 +0000 http://localhost/wp_culture/?p=14#comment-91 Like it's 1999? I'm not sure. I agree that frugality is not a norm and that consumers will always aspire to enhance their lives, whether that means home renovating or jumping on the new Jimmy Choo shoes at H&M and living for a time in the shoes of Sex & the City's Carrie. I believe however that Western consumers have learned something from excesses of the recent meltdown, have gained a sense of responsibility, and now factoring consequences - financial and external - into their consumption decisions. They will continue spending, but will spend more effectively. Like it’s 1999? I’m not sure. I agree that frugality is not a norm and that consumers will always aspire to enhance their lives, whether that means home renovating or jumping on the new Jimmy Choo shoes at H&M and living for a time in the shoes of Sex & the City’s Carrie. I believe however that Western consumers have learned something from excesses of the recent meltdown, have gained a sense of responsibility, and now factoring consequences – financial and external – into their consumption decisions. They will continue spending, but will spend more effectively.

]]>