Consumerism as a social and economic order and ideology encourages the acquisition of goods and services in ever-increasing amounts. Early criticism of consumerism occur in 1899 in the works of Thorstein Veblen. Veblen's subject of examination, the newly emergent middle class arising at the turn of the 20th century,came to fruition by the end of the 20th century through the process of globalization. In the domain of politics, the term "consumerism" has also been used to refer to something quite different called the consumerists' movement, consumer protection or consumer activism, which seeks to protect and inform consumers by requiring such practices as honest packaging and advertising, product guarantees, and improved safety standards. In this sense it is a political movement or a set of policies aimed at regulating the products, services, methods, and standards of manufacturers, sellers, and advertisers in the interests of the consumer. In the domain of economics,...
Source: Wikimedia Commons
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