Word: buying
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Dates: during 1960-1969
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...result is that the modern American is not bothered by the waste of materials. What concerns him is time-his time. In the abundant U.S. economy, materials are relatively cheaper than labor. If something he can buy and throw away can save an American time, he does not feel it is a real waste...
...prices are as much as 20% higher, most brands are still on store shelves. Costs of such luxury items as chocolate have skyrocketed, and the only mascara available runs down the ladies' faces. But signs of austerity are few, and business in downtown Salisbury is brisk. Unable to buy from Britain and other Commonwealth countries, Rhodesia has simply turned to friendly South Africa instead. Since Prime Minister Wilson cannot prevent South Africa from selling oil to Rhodesia, Smith gets all he needs to keep the economy going...
Different critics mean different things by waste. The most obvious definitions are heedless opulence, which, as it were, drops too much from the table, and the readiness to discard the only slightly old. A secondary target is the artificial stimulation of the consumer to buy in vast quantities things he never wanted until he was told. Often such complaints sound highly plausible, particularly when reinforced by a wrecking ball hitting an old landmark or an infuriating commercial peddling a clearly needless "improvement" in some trivial product. Yet waste is not what it seems to be. The term implies a moral...
...appliances, a dishwasher might cost $150; after some years, it may cost $100 to repair it, since a highly paid repairman's individual labor is immensely less efficient than the assembly-line labor that produces the machine. In this instance, it would clearly be wasteful not to buy a new washer. Says Sociologist Seymour Martin Lipset: "The day may come when it is more expensive to launder a shirt than to buy a new one. Which is more wasteful then-to clean the shirt or throw it away...
Ackerman said that he and representatives from the other colleges will apply for grants from a number of foundations to buy films which are not already in the universities' collections...