Attention Economy


Monday, December 27, 2021

Addiction and Late Capitalism

The modern economy is built on addiction
https://www.spectator.co.uk/article/the-modern-economy-is-built-on-addiction
Sam Leith:
The mechanisms of addiction — craving, overconsumption, dependence, shame and furtiveness, the chasing of irretrievable or imaginary highs, the diminishing returns of the old reward loop — are not just a weird deviation from the norm. They are the norm. They’re what the modern economy — and not just the Sackler fortune — is built on. The biggest tech companies in the world are built on the psychology of addiction: the craving for that next notification, that like, that retweet, the ping of an incoming email, the not-quite fulfilment of dinging another level on Candy Crush. And they’re just vanguard refinements in the limitless digital space of an economy already built on the queasy high of retail therapy, fast fashion and sugar-laden ‘treats’.