The King's palace (Wang JongHyun)

In economics, people are considered selfish so they always do things according to their profits. Demand also can be explained by this concept. They buy goods because they earn utility when they earn goods, not because they are benefactors. Not only behavior of modern people but also that of our antecedents cannot be a deviation from this concept. However, there is a huge difference between the motive of consumption of modern and ancient people. Ancient people’s motive was survival, they have to demand dead carcass in order to survive, but modern people’s motive is an aggregation of survival motives, ‘show-off’ motives, and ‘advertisement’ motives.
           ‘Show-off’ motives mean people consuming because they want people to know they have an economical capacity to buy such expensive goods. It is apparent in the demand of ‘Gucci’ bags. It is much more sensible to think that if a price of the bag rises, the demand would decreases. In this example, however, the demand of the bag increases as the price rises. We can conjecture the fact that people do have ‘show-off’ motives when they consume. Even in ‘black Friday’, which first ‘buy nothing day’ started, many are buying presents not to make the receivers happy, but to impress them, saying that I am rich enough to buy this kind of presents for you. Therefore, ‘buy nothing day’ is all about criticizing ‘show-off’ motives as it begets unnecessary demand.
           It is possible to see different kinds of advertisement every step you take, meaning there is a deluge of advertisement these days. These advertisements make confusions between need and desire. Let’s confirm this using an example. You wanted to drink milk, so you went to the market. There were two kinds of milk on the shelf. One was A milk and the other was B milk. Suddenly, you remembered watching B milk’s advertisement, saying that it was milk from the Alphes. So you bought B milk though A milk was cheaper. It is apparent that people decide because of ‘advertisement’ motives as what you needed was milk and what you desired was B milk, so you bought more expensive B milk, an exception of the law of demand. Once, major broadcasting stations denied advertisements of ‘Buy nothing day’. This denial is a sign of self-admitting that advertisements input desires to people. ‘Buy nothing day’ can be a protest of excess consumption that came from advertisements.
           ‘Buy nothing day’ is a movement against modern problems of consumption. We can specify the problems into two motives of demand, ‘show-off’ motives, and ‘advertisement’ motives. A long time ago, people did not have to face this kind of problems as their motives were more about surviving in unfavorable environment. Therefore, they consumed according to the amount they needed, not they wanted. No current problem appeared itself at that time. ‘Buy nothing day’ is a movement that allows people to understand current problems, which is vital for overcoming the problems.

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