2021
November
01
Monday

Monitor Daily Podcast

November 01, 2021
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Clayton Collins
Director of Editorial Innovation

It’s November, and retailers are launching into a siren song that will build to a wail as the holidays near. Despite supply chain kinks, surging energy costs, and labor shortages, sellers have collectively maintained “pricing power.”

That’s power over you, the consumer. It’s rooted in demand. More than $2 trillion in pandemic-era savings – largely with high-income people – is ready to be spent, much of it on mass-produced goods. 

“How about if we just don’t,” says Liesl Clark, co-founder of the Buy Nothing Project, which is based on giving things away. Currently in more than 40 countries, it’s just days away from expanding from local Facebook groups (“outgrown,” says Ms. Clark) to its own location-based app. “I don’t mean [not buying] in an austere way,” she says in an interview. “It’s really fun. People are getting things they never dreamed of.”

One news story highlighted the quirky aspect of Buy Nothing’s traffic in freebies – think dryer lint (as hamster bedding). But there’s more to it. Quality cookware that its user is done with can introduce a recipient to an out-of-reach brand while also meeting a need, Ms. Clark says.

Givers can feel grateful too, and not just for having helped.

“Minimalists come as a generational thing,” Ms. Clark says, “after the maximalists.” Kids of baby boomers don’t want their parents’ stuff. Sure, they can store it. Or they can spread it around.

Gifting is an economic culture-shifter. “[It’s] building more resilient communities,” Ms. Clark says. “You know who your neighbors are [in a hyperlocal marketplace]. You come to rely on neighbors.” And that siren song to buy new – “fast fashion” and all the rest?

“Let’s actually pretend there are no stores and see if we can meet our needs,” Ms. Clark says. “The ultimate goal has been to send a message to the producers: We don’t need it.”


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Today’s stories

And why we wrote them

Olivia Zhang/AP
A man uses his smartphone flashlight to light up a bowl of noodles as he eats breakfast at a restaurant during a blackout in Shenyang in northeastern China's Liaoning province on Sept. 29, 2021. Chinese officials on Oct. 13 said they can ensure homes in the country’s north will be heated during the winter amid a nationwide electricity crunch.

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Difference-maker

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Third-generation grocer Terrence Conrad holds a photo of his father from the 1986 Mississippi River flood when customers came to the family’s store by boat.

The Monitor's View

AP
German Chancellor Angela Merkel listens during the opening ceremony of the COP26 U.N. Climate Summit, in Glasgow, Scotland, Nov. 1.

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About this feature

A message of love

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A woman with a child on her back joins a line to cast her vote in local elections in Soweto, South Africa, Nov. 1, 2021. The country's elections could deliver the worst result for the African National Congress in its 27-year rule. Failure to adequately address poverty, unemployment, and failing infrastructure has left many voters dissatisfied with the ANC, which acknowledges its need to improve but also says the extreme neglect in Black neighborhoods during apartheid will take time to reverse.
( The illustrations in today’s Monitor Daily are by Karen Norris and Jacob Turcotte. )

A look ahead

Thanks for starting the week with us. Come back tomorrow. We’ll have another story of empowerment: Amid a worker shortage and “Great Resignation” thought shift, workers have new clout, and many are willing to use it. 

More issues

2021
November
01
Monday
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