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Summarizing his position, we may say that the basic problem of contemporary capitalism is no longer the contradiction between 'profit maximization' and the 'rationalization of production' (from the point of view of the entrepreneur), but that between a potentially unlimited productivity (at the lev…

[...] As soon as the fiction of GDP is abandoned as the criterion of affluence, we have to admit that growth neither takes us further from, nor brings us closer to, affluence. It is logically separated from it by the whole social structure which is, here, the determining instance. A certain type …

[...] let me emphasize the point that this book is dominated by that bête noire of postmodernists, a grand narrative. Fundamentally, and in many different ways, Baudrillard paints a picture of a world that has fallen from the glories of primitive society and the symbolic exchange that characteriz…

If one tries to summarize all of the things that consumption is and is not, it seems clear that to Baudrillard consumption is not, contrary to conventional wisdom, something that individuals do and through which they find enjoyment, satisfaction and fulfilment. Rather, consumption is a structure…

[...] Rather than a reciprocal sharing of what people have, modern society is characterized by differentiation and competition which contributes to the reality and the sense that there is never enough. Since the problem lies in social relationships (or in the social logic), it will not be solved b…