retail news in context, analysis with attitude

by Kevin Coupe

Axios has a story about a new Gallup poll concluding that “Americans aged 18 to 29 are as positive about socialism (51%) as they are about capitalism (45%).” This survey result reflects “a 12-point decline in young adults' positive views of capitalism in just the past two years and a marked shift since 2010, when 68% viewed it positively.”

The story says that it isn’t just young people - there also is a growing list of analysts and academics that is “connecting the dots of what we all realize by now: Flaws in the system - including forgetting about so much of society - are largely to blame for widespread disaffection with establishment institutions, leaders and answers.” The evidence of these flaws, Axios writes, includes “almost four decades of largely flat wages for the vast majority of workers” and “four decades of meager productivity gains.”

Now, I don’t particularly want to get into a political debate about the whys and hows of these opinions, and whether they reflect any sort of long-term trend, as opposed to a short-term aberration that will resolve itself sooner rather than later.

But this story does make me wonder about whether these shifts - whether long-term or short-term - will be reflected in any sort of change in consumption habits.

It is, I think, something that retailers and suppliers have to think about, a potential challenge to which they have to pay attention. Could be an Eye-Opener.
KC's View: