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9/26/2008

Marketplaces vs. Marketspaces

Rising petroleum costs are generating tectonic changes in how Americans live, work and shop.
Gasoline more than $4 per gallon and rapidly rising food prices have created severe, negative ripple effects throughout the U.S. economy, but they have also created positive results, some obvious, some more nuanced. A renewed drive for alternate energy sources, an increased
emphasis on conservation and recycling, and greater interest in addressing global warming are among the most obvious, new behaviors. A more subtle result is a revival of the family dinner, complete with home-cooked meals featuring fresh ingredients and increased spending on “home luxuries,” such as wine to accompany dinner. More than 60 percent of consumers reported they are visiting restaurants less often than they did as recently as January.