Word: consumerization
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2000
Sort By: most recent first
(reverse)
Carefree shoppers have no greater nemesis than Alan Greenspan. The relentless Federal Reserve chairman has been tweaking our collective guilt for months now, urging us not to stake our fortunes on the mercurial stock market and reminding us that our security depends on prudent savings plans. And now Greenspan will...
"These are exactly the numbers Greenspan is worried about," says TIME financial writer Daniel Kadlec. "He's worried that people will see their money performing well in the stock market and feel rich - and then they'll go spend what they don't actually have." Granted, spending against paper profits...
You'd think all this would make him bullish on the Net. But he's more like a skeptical consumer. "There's a lot of plumage here, but I wonder if the beast underneath isn't still pretty scrawny," he says, pointing out that the Net is still too slow...
Indeed, far from killing record companies, the Internet is spawning even more of them. "I don't believe that having 30,000 songs by any number of unknown artists is what the average consumer is excited about," says Al Teller, the former head of CBS Records and MCA Music Entertainment...
"We need to look at voting as if it was a consumer product," he said.