Episode 69: Money Talks
Hidden Brain
Hidden Brain Media
4.6 • 42.6K Ratings
🗓️ 25 April 2017
⏱️ 23 minutes
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| 0:00.0 | This is Hidden Brain, I'm Shankar Vedantam. |
| 0:02.6 | Americans have long expressed their political views with their wallets. |
| 0:06.9 | In recent months, this has ramped up with boycotts and with buycotts. |
| 0:11.6 | That's where people express support by buying a company's products. |
| 0:15.3 | For months now, Nordstrom has been on a list of Trump-affiliated companies to boycott. |
| 0:19.7 | This is just, it's a wonderful line, I own some of it. |
| 0:22.1 | I fully, I'm going to just give it, I'm going to give a free commercial here, go buy it today, everybody. |
| 0:26.0 | I deleted Uber recently due to what happened at JFK Airport when it appeared that Uber |
| 0:32.1 | was essentially trying to break the strides. |
| 0:34.2 | Fueled the outrage and led to some people to call for a boycott of the airline. |
| 0:39.1 | It seems like people are a little fed up and disillusioned with sort of conventional political |
| 0:44.5 | channels where they would normally sort of express their political views. |
| 0:48.9 | And so in the absence of that legitimacy, there's been sort of a rise in political consumerism. |
| 0:55.7 | When E.R. Paharia is a marketing professor at Georgetown University, she studies how consumer |
| 1:00.6 | behavior often serves psychological needs rather than economic needs. |
| 1:06.4 | When we think about the way we spend money, we may think about the comfort of a nice pair |
| 1:09.8 | of shoes or the pleasure of a great meal. |
| 1:12.9 | But money also serves a deeper purpose. |
| 1:15.6 | We use money to express our feelings, to project our status, to defend our values. |
| 1:20.8 | The products we buy tell stories, stories that we tell others, stories, |
| 1:25.6 | that we tell ourselves. |
| 1:27.6 | For a small coffee shop, people don't really think much of the political situation. |
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