The power of novelty
The economy spins thanks to innovation, this is perfectly well known. Economists have pointed out that innovation can take various forms, product, process and the litany goes on until a given sacred number which is in its turn presented as an innovative discovery, because a new theory also constitutes a sellable product.
All things new have always aroused the attention of customers who rush to come by the latest rage and thus distinguish themselves from those who fall behind or cannot afford it. Often it doesn’t really matter if a novelty is an improvement to the previous situation, because large swathes of the public would do anything in the name of social distinction, a goal they are prepared to attain by investing whatever amount of superfluous money they deem worthy of this. Fashion, hi-tech and every other industry sector are driven by the buyers’ irresistible craving for novelty that only partly brings about a genuine advantage in their welfare. Most products on sale pretend to introduce innovation, but in fact only respond to the manufacturer’s and the seller’s logic of making money. The pandered consumer is not always the victim, but is often the one guilty of uncritical behaviour, apart from being one of the natural driving forces in the mechanism of consumer economy.