Consumption. Mark Hudson

Consumption - Mark  Hudson


Скачать книгу
purchase of more expensive items without prior saving and facilitates continued consumption during temporary periods of reduced income. The Code of Hammurabi in Mesopotamia in 1752 bc laid out the terms of debt bondage in which men could pledge themselves or other family members into the service of a creditor to pay off their debts (a practice that still continues in some countries, such as India). Over time there has been an incredibly wide range of arrangements between debtor and creditor – from those granted based on personal relationships of trust, such as when bartenders would chalk up their drinkers’ debts on a slate above the bar until it was wiped clean by payment, to those backed by collateral, such as a pawnshop, to those backed by law, such as the debtor’s prison, where creditors could have delinquent borrowers confined until they paid up (Wiedenhoft-Murphy, 2016).

      In contrast, transformationists see sharper breaks in consumption. This does not mean that there are no historical precedents for trends or that there are no antecedents for revolutions in consumption, but that certain periods can be identified as notably different from the past. In one particularly bold example of this, McKendrick et al. (1982) claim that the “birth” of the consumer society could be pinpointed to the third quarter of the 1700s in England, which was the richest country at the time – alternative birthplaces include the seventeenth-century Dutch Republic, Renaissance Italy and seventeenth-century France (McCabe, 2015: 2–3). These authors justified their sharp period break with some impressive statistics. Sales of non-necessities such as soap, candles and beer increased at more than twice the rate of population growth over the last fifteen years of the eighteenth century (McKendrick et al., 1982: 29).

      For McKendrick et al., it was not that people’s desires for consumption changed, but incomes and prices certainly did. Starting in the 1600s, the expansion of trade and the establishment of agricultural plantations reduced the price of many little pleasures, such as tobacco, tea, coffee and sugar (Pennell, 2012: 75). Coffee gained popularity as a puritanical alternative to alcohol, which improved performance rather than hindering it (Sassatelli, 2007). The use of tobacco also spread widely, famed for its positive medical properties and ability to calm the nerves (McCabe, 2015: 73). The price of sugar dropped so much during the seventeenth century that the consumption of candies was possible for more than just the nobility, and the dessert course was introduced (ibid.: 57–8). According to McKendrick et al., this represented the “democratization” of consumption, in which spending habits that were once the exclusive purview of the very rich spread to the wider masses of the population, creating a consumer society, as opposed to a society that had some consumers (1982: 14). “All other classes imitated as best they could – which was much better than in the past” (ibid.: 11).

      Transformationists can make similar claims about the changes surrounding consumer credit. While credit has a very long history, the social attitudes about both lending and borrowing have changed drastically. Charging interest on loans – called usury – was frowned on by most religions. It was punishable by excommunication in the Catholic Church and is still forbidden in Islam. Judaism permitted charging interest to those from other religions, and so some Jews (who were often banned from other occupations) earned their income by lending money, a practice that was often viewed by Christians with considerable distaste. Christianity gradually relaxed its strict prohibitions so that usury came to mean charging unreasonably or immorally high interest rates (Wiedenhoft-Murphy, 2016). On the borrower side, although aristocrats would frequently go into debt using the collateral of their good name and the poor were often forced into debt to purchase staples, in the nineteenth century being a debtor was seen as a bit shameful (Stillerman, 2015). As we will discuss in chapter 3, the negative stigma of borrowing began to wane in the twentieth century, so that one might argue that, currently, it is completely acceptable never to be free of debt.


Скачать книгу