Huge credit boom and massive consumer spending w/ disincentives to save, and economic models built around sustained and constant growth
And declining resources putting a cap on growth (5% growth means doubling every...14 years?)
Yet despite these concerns, western culture is still one of borrow/spend/flash (with some blips in the past). At what point in the next 20 years will peoples aesthetic change to one of frugality? or perhaps you think it won't and we'll party right on until the end?
― Miners Welfare, Monday, 18 June 2007 15:50 (eighteen years ago)
Perhaps when the global recession hits?
― Miners Welfare, Tuesday, 19 June 2007 12:04 (eighteen years ago)
I like this thread but have no answers. This isn't 696 is it? Just wanted it snuggled next to: Brand loyalty 2007
― acrobat, Wednesday, 20 June 2007 14:48 (eighteen years ago)
Answer: not anytime soon:
Both sew and design sample garments for their downtown factory. Their line, Bishop of Seventh, is carried in high-end stores, and they recently made an $18,000 pair of jeans encrusted with diamonds and rubies for Las Vegas hotelier Steve Wynn.
― Ned Raggett, Monday, 27 August 2007 01:04 (eighteen years ago)
Tough thing about this one is, it's incredibly difficult to be the first.
― calstars, Monday, 27 August 2007 01:29 (eighteen years ago)
http://content.answers.com/main/content/wp/en/thumb/1/1e/350px-Neil_in_blue.jpg
two plates, two forks, two glasses. one chair. $2,000,000 house.
― Tracer Hand, Monday, 27 August 2007 01:36 (eighteen years ago)
'Live-work' units enliven industrial areas
the l.a. times -- almost as behind the curve as the new york times! THIS IS NOT NEWZ U GUISE.
― get bent, Monday, 27 August 2007 15:33 (eighteen years ago)
most things in newspapers aren't news unless there's been a natural disaster.
― El Tomboto, Monday, 27 August 2007 15:42 (eighteen years ago)
2008
― laxalt, Monday, 14 January 2008 01:12 (eighteen years ago)
maybe not till 2010
― laxalt, Friday, 15 February 2008 12:40 (seventeen years ago)
no, 2008
― laxalt, Saturday, 5 April 2008 13:01 (seventeen years ago)
Is it really an "aesthetic" when you don't have any choice?
― Bodrick III, Saturday, 5 April 2008 13:42 (seventeen years ago)
No you are right, it isn't, aesthetic change is a symptom of material change (same as gentrification is at the other end of the cycle)
― laxalt, Saturday, 5 April 2008 13:46 (seventeen years ago)
whenever it becomes ok to wear patches to the office
― sexyDancer, Saturday, 5 April 2008 13:49 (seventeen years ago)
early 70s seemed more pronounced for this than early 90s, be interesting to see how it manifests this time around
― laxalt, Saturday, 5 April 2008 13:50 (seventeen years ago)
wearing patches? keeep 'em peeled.
― banriquit, Saturday, 5 April 2008 13:51 (seventeen years ago)
Darning your old cashmere for A/W 2008 (I am wearing very ancient and very darned cashmere jumper now).
― suzy, Saturday, 5 April 2008 14:47 (seventeen years ago)
I woke up this morning thinking it would be kind of cool if draught animals make a comeback.
― Hurting 2, Saturday, 5 April 2008 16:05 (seventeen years ago)
Probably a lot more cool as a hypothetical, though.
― Hurting 2, Saturday, 5 April 2008 16:06 (seventeen years ago)
Not austerity exactly but just saw Jamie Oliver Sainsburys tv advert and when he says "wheres your car luv", it cuts to them waiting at a bus stop!
I don't see a lot of tv but target audience for this being presented as people without a car seemed unusual
― laxalt, Saturday, 5 April 2008 18:58 (seventeen years ago)
Thorstein Veblen to thread!
No matter what form of consumption is chosen by the wealthy and powerful, it will inevitably be a form that is exceedingly difficult to reproduce for someone who is not weathy and powerful. It does not matter if the outward aesthetic is austere (e.g. Japan) or opulent. Even austerity is subject to endless subtle refinements that can only be learned and appreciated by those with plentiful liesure time.
What is unusual about the present age of cheap energy is that liesure is more widespread and more accessible than in previous ages and access to complex aesthetics is more democratic than ever before. That still doesn't upset the theory, though. It holds up surprisingly well.
― Aimless, Saturday, 5 April 2008 19:19 (seventeen years ago)
It can be approximated through the extension of debt however?
that can only be learned and appreciated by those with plentiful liesure time.
is this true? isn't the prevailing aesthetic directed through the media and other sources and is learned and received almost by osmosis (and its effects felt even if we try to resist or ignore them - cf gentrification again)
― laxalt, Saturday, 5 April 2008 22:14 (seventeen years ago)
The "liesure class" is larger now, especially in wealthy western nations and this has tended to complexify and refine the aesthetic of the middle class.
But is the "prevailing aesthetic" the one that is shared by the owning class? I'd say no. Look at Architecture Digest to get an idea of what money can do to set one's consumption patterns apart from those of the rabble.
― Aimless, Saturday, 5 April 2008 22:45 (seventeen years ago)
By owning class - do you mean non-salaried?
― vaqueros, Saturday, 5 April 2008 22:51 (seventeen years ago)
http://www.timesonline.co.uk/tol/news/uk/article3822981.ece
"Join me in the new austerity"
― laxalt, Sunday, 27 April 2008 08:58 (seventeen years ago)
It is a tad difficult to swallow an article like that one when to the right there is a link to an article for "artisan cheeses - £27.50".
― Trayce, Sunday, 27 April 2008 09:06 (seventeen years ago)
I've a feeling the new austerity will come with it's own price if it hasn't already.
― Trayce, Sunday, 27 April 2008 09:07 (seventeen years ago)
Yes but its the fact that this article is aimed at people who buy artisan cheeses!
― laxalt, Sunday, 27 April 2008 09:12 (seventeen years ago)
I love the first comment:
I have to say I am disappointed, I was born in 1980, I went to a compressive in Liverpool, and not only did sowing at school but all so knitting, as did ever other Boy! and the girls too.
Maybe its time to teach it in schools once more?
MR Jones, Liverpool, England
― Trayce, Sunday, 27 April 2008 09:14 (seventeen years ago)
its when dinner party fluff writers pen dinner party fluff pieces like this that suggest something of an aesthetic change (ie when the sunday supplement crowd twig)
ie this isn't some wall street journal article recommending you hoard food
http://online.wsj.com/article/SB120881517227532621.html
― laxalt, Sunday, 27 April 2008 09:19 (seventeen years ago)
oo good revive
― strgn, Sunday, 27 April 2008 09:20 (seventeen years ago)
At Save-A-Lot, a discount grocery store in Cleveland, Teresa Rutherford, 51, chided her sister-in-law, Donna Dunaway, 44, for picking up a package of Sara Lee honey ham (eight ounces for $2.49).
“We can’t afford that!” she said. “Get the cheap stuff.” They settled on a 16-ounce package of Deli Pleasures ham for $3.29, or 34 percent less an ounce.
http://www.nytimes.com/2008/04/27/business/27spend.html?_r=1&hp&oref=slogin
― W i l l, Sunday, 27 April 2008 16:09 (seventeen years ago)
Hah, noticed that one the other day too. I love the ending:
Holly Levitsky, a 56-year-old supermarket cashier in Cleveland, buys a brand of steak sauce called Briargate for 85 cents and surreptitiously pours it into an A1 steak sauce bottle she keeps at home.“My husband can’t even tell the difference,” she said.
“My husband can’t even tell the difference,” she said.
...well he probably knows NOW.
― Ned Raggett, Sunday, 27 April 2008 16:28 (seventeen years ago)
These people are amateurs.
At the grocery store I worked at in high school, we had a group of Korean women who would come in together with boxes of coupons and every time they'd knock a $150 bill apiece down to less than $10.
― milo z, Sunday, 27 April 2008 17:04 (seventeen years ago)
http://www.thegrocerygame.com/ weird grocery circular advice http://www.freecycle.org/ we've given and received bunches of great stuff. our bathroom floor is tiled from free tiles we got here. http://www.lala.com/ cd pool trading http://www.etsy.com/ craft goodness >> crappy retail bullshit
― msp, Sunday, 27 April 2008 21:10 (seventeen years ago)
-- Bodrick III
― Abbott, Sunday, 27 April 2008 21:12 (seventeen years ago)
Like have I really been on "diets" when I couldn't afford food? I did lose weight.
― Abbott, Sunday, 27 April 2008 21:14 (seventeen years ago)
This will happen when I acquire a twelve-inch pianist.
― Aimless, Monday, 28 April 2008 04:27 (seventeen years ago)
are you a member of thegrocerygame, msp?
― milo z, Monday, 28 April 2008 04:36 (seventeen years ago)
I dunno I think people are tightening up. Everyone I know is cutting back. Where friends and I might have met at a restaurant for lunch before, now we'll meet at a park with sacks or we'll head over to the other's place and cook. Everyone I know has been buying less beer/liquor since gas hit $3/gallon. GF and I participated in "buy nothing month" through April (buy nothing but "essentials" for 30 days) and saved a bunch.
xp
― BIG HOOS aka the steendriver, Monday, 28 April 2008 04:38 (seventeen years ago)
Everyone I know has been buying less beer/liquor since gas hit $3/gallon.
ie last fall i was buying a 6 pack a week (along with other non-essential "essentials") just for myself, i've only bought one 6 pack so far this year.
cue OH THE HORRORS OF YOUR LIGHT BEER CONSUMPTION HOW U COPE or whatever, i'm just saying that people are cutting back on conspicuous consumption in measurable ways. i haven't gone record shopping since november.
― BIG HOOS aka the steendriver, Monday, 28 April 2008 04:40 (seventeen years ago)
god if i didn't buy beer or records i'd be drowning in money, relatively speaking
now there's a thought
― electricsound, Monday, 28 April 2008 04:43 (seventeen years ago)
a RUBBISH thought!
― haitch, Monday, 28 April 2008 05:09 (seventeen years ago)
I spent a chunk o time unemployed and unable to get welfare recently so I've become quite good at penny pinching. Literally, in this case - I discovered all those random jars of change I'd been keeping because I hate a wallet full of metal added up to about $120 and that kept me going for ages.
Also, I already totally swear by op shops, sales, 2nd hand record stores, public transport and cooking my own dinner.
And yet I never seem to have any money somehow :/
― Trayce, Monday, 28 April 2008 05:41 (seventeen years ago)
...I suppose buying all those laptops and synths doesn't help now I think about it.
― Trayce, Monday, 28 April 2008 05:42 (seventeen years ago)
i remember when pulling out $40 from the ATM made me feel flush with cash and set for the weekend, now it last about six hours. half a tank of gas, a six pack and dinner at a restaurant... bye bye $40.
now i have to withdraw $100 to get that old thrill, except... i don't have that much.
― f. hazel, Monday, 28 April 2008 07:41 (seventeen years ago)
$40 would get me a taxi home and a can of cat food :( Stupid australian money.
― Trayce, Monday, 28 April 2008 09:09 (seventeen years ago)
$40 would maybe get me dinner plus booze at a cheapish restaurant. Welcome to Britain.
― Matt DC, Monday, 28 April 2008 09:11 (seventeen years ago)
that's a lot of money in texas dollars.
― f. hazel, Monday, 28 April 2008 10:23 (seventeen years ago)
or it used to be.
My mom was moaning yesterday that her grocery bill is up 38 per cent. I wonder how many other people who are 30 pounds overweight can't see the silver lining here?
I'm sticking with the old austerity:
Buying loss leaders at supermarkets as opposed to whim food, and going to shop after 7pm to get the markdowns on posher things which can be bunged into the freezer. Buying cheese from the cheese man on Leather Lane: £10 hunk of Brie, for example, is £1. Cheese board is £2. Going to Somerfield or Superdrug for branded cleaning/toilet/personal care stuff and not little shops. Using the fantastic butcher 100 yards from my window because it has the best cheap, seasonal cuts and random gourmet items cheaper than other places. Working Saturdays on a farmer's market stall - in the summer that's where my eggs, veg, bread etc. all come from, all at trader rates, or as a perk of working for my farmer, who is also setting me up with an herb garden. Asian/Turkish cash and carries for rice, chillis, ginger, garlic, onions, yoghurt, parsley, spices, tomatoes, potatoes, pulses. NO ready meals or take-aways except for the place that delivers on a low minimum, and then only when I've had a payday. Massive cuts in drinking/smoking, but I can rationalize that with the half-stone I'll lose over the next month.
Last week I was also fortunate enough to go to an art dinner and I've got another one this week, so my addiction to restaurants is not taking a beating yet, even if the dinners themselves are now buffets. Still drank champagne for four straight hours on Thursday. WIN!
― suzy, Monday, 28 April 2008 11:47 (seventeen years ago)
suzy you may be the classiest scrounger I have ever met.
― Tracer Hand, Monday, 28 April 2008 11:49 (seventeen years ago)
Thanks, Hand, though scrounging ain't the word, really. I come from a long line of folks who believe passionately that only idiots pay full price for anything. The top I'm wearing today came from my fave Fichley Road charity shop (not the one where I found the Jil Sander trousers for £4 but the one where I found a zillion dead stock Mary Quant fishnet ankle socks for 50p a pair) and I have just noticed it is late '60s Radley, ie. Ossie Clark/Quorum diffusion. £3! The Bloomingdale's cashmere sweater was $8 new, from designer clearance outlet in Minneapolis.
― suzy, Monday, 28 April 2008 12:08 (seventeen years ago)
What did I tell you? No journalist ever needs a kitchen!
Simple rule of thumb where I am - Fulham Broadway: no, North End Road: yup and I can tick off everything Suzy mentions above except obv. the dress code.
― Dingbod Kesterson, Monday, 28 April 2008 12:14 (seventeen years ago)
haha I was talkin about the art/book/etc openings more really; there is a long and noble tradition of making these things one's own personal buffet
xpost
― Tracer Hand, Monday, 28 April 2008 12:15 (seventeen years ago)
Chazzas old hat; now u gotta make yr own clothes:
http://lifeandhealth.guardian.co.uk/fashion/story/0,,2276537,00.html
Chazzing also much easier for girls (unfortunately for me).
― Raw Patrick, Monday, 28 April 2008 12:38 (seventeen years ago)
my wife tried it for a couple months. we have friends who swear by it. we found it a little awkward. you basically buy something on sale today because you'll want it three weeks from now. following their guidance, you end up with crap to eat that was always on sale. i guess that's the trick... "crap to eat". several times, many of the items were things that we don't eat, so why buy them at all? i guess it depends on your diet cause our friends love it.
― msp, Monday, 28 April 2008 12:39 (seventeen years ago)
some friends and i have been talking about starting our own music/book library. set up a community website. list our stuff. since it would be us and/or our friends, there's trust. and you wouldn't have to share everything. (pls no mint signed rarities.)
our local library is great, but there's plenty of things (especially music) that they would never carry because the readership would be fairly small.
the biggest obstacle i can see so far is getting our shit into the library database.
― msp, Monday, 28 April 2008 13:34 (seventeen years ago)
Charity shops now full of George and Primark clothes, ick, but persistent digging and not giving away secret good places means I WIN STILL. Also I have no patience for sewing.
Today's austerity shopping basket:
Speck proscuitto, £2 for 150g, mozzarella £1, hummus 69p, yoghurt £1, anchovy olives £1.50, flatbreads 50p. Can do lunches and snacks for a week off that, yay.
― suzy, Monday, 28 April 2008 15:29 (seventeen years ago)
following their guidance, you end up with crap to eat that was always on sale.
― milo z, Monday, 28 April 2008 15:42 (seventeen years ago)
I've been living perfectly comfortably within my means for the last few years and my means have just expanded pretty significantly, so I'm buggered if I'm jumping on the austerity bandwagon unnecessarily. The idea of buying a load of unnecessary shit on credit has never really occurred to me.
― Matt DC, Monday, 28 April 2008 15:58 (seventeen years ago)
Then again, I don't actually buy anything other than food and beer, seemingly.
― Matt DC, Monday, 28 April 2008 16:00 (seventeen years ago)
where it's easy to get out of control is when you get married and have kids. just 7 or 8 years ago, i could fit all my worldy possessions into my little toyota. flash a few years forward and we needed a big ass uhaul. it was so insane. now we've still got a bunch, but we've gotten pretty hardcore about purging everything we don't use. it's hard for my wife since she's got a serious packrat urge.
what's strange to me is how much modern lifestyles revolve around buying shit. i'm a recovering record store addict and it's bizarre how much of a void there was once i really started cutting back. i'm still kind of dealing with it. who the fuck am i now that i'm not that guy that buys all the limited edition cdrs of experimental drone?
i still really don't know.
― msp, Monday, 28 April 2008 16:47 (seventeen years ago)
I don't mind packratting at all! I don't think overall amount of stuff is THE problem (altho certainly for some people it is) as much as the reasons for acquiring it, and the costs of doing. When I get stuff for free or really cheap I don't begrudge the space it takes, if I couldn't replace it for what I paid and it'll come in handy some day. There's a tipping point where that becomes kind of ridiculous, of course, maybe my threshold is just higher b/c a lot of my stuff is vintage/midcentury/etc and I'd never find stuff again if I didn't keep it.
― Laurel, Monday, 28 April 2008 16:57 (seventeen years ago)
I'm anti-packratting as I can these days. Some habits are hard to break but book-buying is almost nil, music purchases are way off and I barely pick up DVDs anymore.
― Ned Raggett, Monday, 28 April 2008 17:06 (seventeen years ago)
Ned, that makes me feel a little sad. I need stuff around, it defines me.
― jel --, Monday, 28 April 2008 17:08 (seventeen years ago)
While I understand that approach, I no longer feel bound to it. Please keep in mind I still have a LOT of stuff around -- but I'm trying to reduce it all the time, and while it's a slow process it's well underway.
― Ned Raggett, Monday, 28 April 2008 17:10 (seventeen years ago)
Although suzy is otm, I am not sure that the "new austerity aesthetic" and ferocious bargain-hunting quite equate.
― Aimless, Monday, 28 April 2008 17:28 (seventeen years ago)
I need some $$$ and I am thinking I should just rip all my overabundant CDs and sell them but the idea is so painful! Why do I need them in person? To make moving take an extra seven hours of packing and unpacking? It is simply a form of tangible nostalgia and mos defs the weird ownership hope that all zero of the people who come to my house will go "Whoa! You have a Confusional Quartet CD?" I don't need to/wouldn't impress anyone BUT STILL. Life is crazy.
― Abbott, Monday, 28 April 2008 18:11 (seventeen years ago)
Unless you have several ways to back that shit up, though, you can always re-rip the CD into whatever format is best/most useful at the time...unless you're using like studio-quality equip and digital know-how, mp3s and m4as and all those formats will eventually be superseded by something else.
― Laurel, Monday, 28 April 2008 18:13 (seventeen years ago)
Not that I know anything about it, obviously.
I was just gonna do hell of rippage to my external drive and then burn them onto individual CDs over the summer.
I don't want to sell them to the one shitty store here and I don't want to eBay them either (this would be a hideous pain in the ass!). This = excuse of some sort.
― Abbott, Monday, 28 April 2008 18:18 (seventeen years ago)
I've started ripping everything to Apple Lossless, but I still can't part with the CDs for some reason. Maybe if I had multiple HD backups, but that would basically eat up everything I'd make selling them.
I could pack up pretty much everything I own and take off without much trouble except for books. And they're harder to sell for a reasonable amount than CDs or movies - besides, what would I do without easy access to every Robert Frank and Eugene Richards monograph since the '70s?
― milo z, Monday, 28 April 2008 18:18 (seventeen years ago)
In my part of Brooklyn (Prospect Heights), there's a strong aesthetic drive, perhaps even fashion, towards D-I-Y stuff in the past year or so. Walking in the neighborhood on weekends reveals a hobbyist trend towards vegetable gardening (for ground floor apartment dwellers), sewing / craft circles, bike riding, constant stoop sales, a barter / skill trading network, and picnics and games in Prospect Park over eating out.
This may be tied partly to environmental awareness, partly to demographics (ie having kids), and partly to the onset of spring, as much as economics. And, like I say, it may just be fashionable. But it's hard to miss nonetheless.
― paulhw, Monday, 28 April 2008 18:37 (seventeen years ago)
Posted this on another thread but thought folks who post on this one might not necessarily read the econ threads:
http://globalresearch.ca/index.php?context=va&aid=8794
Basically says that a lot of your grocery bill is the fault of hedge funds. Which makes some sense considering the strange rapidity of the rise in food and other commodity prices.
― Hurting 2, Tuesday, 29 April 2008 16:38 (seventeen years ago)
xpost - All that stuff: crafts, gardening, knitting, etc. has been gaining in popularity for years in Brooklyn. Economics don't have much to do it, as it's being done mainly by the people who can most afford not to.
― Hurting 2, Tuesday, 29 April 2008 16:39 (seventeen years ago)
any new observations on this from the US or Europe? more interested in actual aesthetics of austerity than in money-saving tips.
― Suggesteban Buttez (jabba hands), Friday, 5 December 2008 01:16 (seventeen years ago)
Well, there's this story as reflective of shifts in the wind, maybe:
http://www.nytimes.com/2008/12/04/fashion/04SHOPPING.html
― Ned Raggett, Friday, 5 December 2008 01:17 (seventeen years ago)
"The depth of the challenge was suggested by the incongruity this week of seeing Prada wallets, usually kept under glass at Saks, dumped into display stands that at Wal-Mart are known as “end-caps”; lizard handbags at Bergdorf Goodman jumbled on counters as if that Fifth Avenue landmark were an outlet of Loehmann’s; and Ralph Lauren dress shirts at Lord & Taylor thrown together and offered at prices roughly equivalent to the cost of two McDonald’s Happy Meals."
good stuff - do we have a rolling economy into the shitbin schadenfreude thread yet??
― Suggesteban Buttez (jabba hands), Friday, 5 December 2008 01:25 (seventeen years ago)
there was also this one, last month.
Harry Slatkin, the founder of Slatkin & Co., a home fragrances company, said he and his wife, Laura, recently canceled a 50th birthday party for her at the Pool Room at the Four Seasons. Instead, they plan to have a party at home, with defrosted White Castle cheeseburgers served on silver trays. “It’s not time to have splashy birthday parties,” Mr. Slatkin said. “It’s a time to stay home, spend time with friends and connect.”
― tipsy mothra, Friday, 5 December 2008 01:40 (seventeen years ago)
defrosted White Castle cheeseburgers served on silver trays
― tipsy mothra, Friday, 5 December 2008 01:41 (seventeen years ago)
ooh ooh pimp my own thread time
Discuss: New economic model(s) for practical/sustainable civilization
― El Tomboto, Friday, 5 December 2008 01:48 (seventeen years ago)
I think this shit dovetails nicely with my picture of a dishwasher
are white castle cheeseburgers on silver trays a sustainable model?
― tipsy mothra, Friday, 5 December 2008 01:51 (seventeen years ago)
http://nastybrutalistandshort.blogspot.com/2009/02/austerity-nostalgia.html
pulls together a few examples of austerity aesthetics creeping back into design/typography, but doesn't really talk about consumer behaviour much.
― unaustralian (jabba hands), Tuesday, 24 February 2009 06:44 (sixteen years ago)
Yup.
― Ned Raggett, Monday, 14 December 2009 23:39 (sixteen years ago)
Oh if only there was some middle ground between "BOOM! loan credit card happy fun party time spend spend spend" and "RECESSION! debt austerity frugality penny pinching misery"
― HUH? not appropriate (snoball), Monday, 14 December 2009 23:46 (sixteen years ago)
is it really "fashionable" if its done out of necessity and not out of choice
― a triumph in high-tech nipple obfuscation (Shakey Mo Collier), Monday, 14 December 2009 23:49 (sixteen years ago)