Car accidents, divorce, oil spills, and war all boost the economy. Does mad consumerism fall into the same category?
On Nov. 25, referred to as “Black Friday” in the U.S., a woman pepper-sprayed fellow customers at a California Wal-Mart during a mad rush to get a bargain-priced Xbox. In North Carolina, it was police who used pepper spray to subdue shoppers hell-bent on getting deals on electronic gadgets during the biggest shopping day in the country.
Despite these, and other, incidents, including shootings, U.S. business leaders are buoyed by an expected rise in consumer spending – to nearly $500 billion this year – in the shopping season, which begins the day after U.S. Thanksgiving.
Meanwhile, Adbusters, the Vancouver magazine that sparked the worldwide Occupy protests, is encouraging supporters to “Occupy Christmas” by boycotting holiday gift shopping, among other actions. (Adbusters also popularized Buy Nothing Day, which fell on Black Friday this year.) The prospect of a seasonal shopping boycott isn’t making people in the retail industry jolly. Retail Council of Canada spokesperson Sally Ritchie said such protests would hurt businesses and working people when the global economy is in turmoil.