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How the Consumer Became King

The Teleprompter Speaks Wrote: Nov 29, 2012 11:29 AM
So the corporations don't control everything?
Some 200 retailers nationally opened their doors on Thanksgiving Day, and a lot of others did so at midnight. Shoes, jewelry, sporting goods, flat-screen TVs, fancy chocolate -- if you wanted it, you could buy it before the football games were finished.

This development provokes all sorts of laments. Family togetherness is getting short shrift. Commercialism has become an epidemic. The urge to buy has trampled more wholesome traditions.

The critics may be right. But what is most obvious in the expanding store hours is an item of good news: In America's capitalist economy, the consumer is king.

This has not always been true....