A New Look at the Left Wing

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The satisfaction we get from buying vacations, bikes for exercise and other experiences starts high and keeps growing. The initial high we feel from acquiring a flashy car or megascreen TV, on the other hand, trails off rather quickly, reports a new Cornell study.

This is why, according to theorists like Michael Hardt, capitalists have moved away from commodity production and toward the production of affects and of social relations. If they can find out a good way to build a rentier economy around these experiences, they will certainly try to do it.