I found this comment a couple of days ago. It bears on whether an economic downturn can refashion consumer taste and preference. Janice Castro puts it this way.
The trouble is Castro made this argument in 2001, on the eve of one of the greatest moments of consumer enthusiasm in the history of the American economy. Castro wasn't just wrong. She was spectacularly wrong.
We don't know what will happen as a result of the current downturn, but this time around we should avoid rushing to conclusions.
Castro, Janice. 2001. “Cover Stories: The Simple Life Goodbye to having it all.” Time Magazine. June 24 http://www.time.com/time/magazine/article/0,9171,156757,00.html (Accessed April 5, 2009).