Detailed Summary of Commoditisation and Consumption
The growth of capitalism has expanded market influence into realms of life previously untouched, a process termed commoditisation. This occurs when items, services, or even labor become tradeable commodities. A prime example includes the commoditisation of labor, where skills are notionally bought and sold on the market. Critics argue that this trend leads to negative social consequences, citing instances like the ethical concerns over selling organs.
In contemporary India, numerous traditional aspects have become commodified; for instance, marriage arrangements are now facilitated by professional bureaus, and schooling has transformed into a market-driven service with a focus on skills for success.
Moreover, consumption has evolved beyond mere economic function to a means of expressing social distinctions and cultural identity. Max Weber’s concept of 'status symbols' illustrates how the purchase of goods communicates socio-economic status; for example, owning certain car brands reflects higher class affiliations.
Overall, this section of the chapter connects commoditisation with deeper social changes, showing the intricate relationship between market dynamics and societal frameworks.