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Ethics Paper - Consumerism

In: Business and Management

Submitted By stillg
Words 3492
Pages 14
Grant Still
MGMT 320
Section C
November 18, 2014
Consumerism: Gotta Buy ‘Em All It is the day after Thanksgiving, known colloquially to Americans as “Black Friday”. Hundreds of thousands of shoppers line up outside of department stores, anxiously waiting to get their hands on the latest of gadgets and gizmos to purchase for families, friends, and loved ones for the holiday season. Many of the retailers in America have offered attractive promotional sales on this day to attract high traffic and volume in their stores. Realizing this, consumers in America who take a part in Black Friday see this as a fight to the death. This “fight to the death” literally came true in the year 2013, as one death and fifteen injuries resulted from the madness of the shopping event, according to On the flip side for businesses, Americans spent an average of $407.02 from the Thursday through Sunday that bookends Black Friday, as stated by the National Retail Federation. This topsy-turvy day recognized by a vast majority of American culture has been seen by many as the yearly peak of the country’s ever-increasing trend towards consumerism. Consumerism, the belief that goods give meaning to individuals and their roles in society, has presented itself to Americans in both a positive and negative spirit. On the one hand, consumer spending drives the economy, gives consumers a vast myriad of retailers to choose from, and renders shopping as a social experience. On the other hand, consumerism can render all aspects of life as merely a commodity, encourages excess consumption, and distorts our personal values. In this paper, I will explore these details in greater depth. After that point, I will assess said details and form my own opinion on whether consumerism as a whole is healthy or unhealthy for the average American shopper. Finally, I will

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