Black Friday: American Exceptionalism in Action (Video)

Black Friday has become an infamous holiday of American consumerism. We seem equally amused and disgusted by the inevitable news of crowds waiting through freezing nights only to trample each other on the way to a discount toaster. Many people watch a video of Black Friday fights like the one below and shake their heads at the blatant materialism. We ask ourselves, “Where has the good, old-fashioned holiday spirit gone?”

Perhaps we should be asking a different question. These fights seem almost like an ominous foreshadowing of just how desperate people could become when faced with a real economic crisis. When Peter Schiff points to goods shortages, hyperinflation, and drastic bank emergencies in countries like Greece, Cyprus, or Argentina, most people shrug it off. “That could never happen here. America is different.” But if suburban house moms are willing to get into hair-pulling fistfights over electronics discounts, what do you think they’d be willing to do when their life savings disappears overnight thanks to inflation or a banking crisis?

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