Consumarchy

Consumocracy (or Consumarchy) is a form of socio-economic organization that is posed in contrast with consumerist capitalism.
Under consumerist capitalism, it is assumed that market mechanisms are inherently guided by the solicitation of consumers' individualistic concerns (e.g., safety, accessibility, affordability of products) at the exclusion of other-regarding concerns.
This dogma however is substantially disproved by efforts to prevent information about products reaching a consumer of those products, e.g. those on genetically modified organisms and work conditions . In response, many empirical phenomena such as social labelling, eco-labelling (among other means of societal marketing), and their use through boycott and buycott have evolved. The increased sophistication of these consumer-sanctioned, regulatory initiatives suggests that a new form of transnational governance is emerging.
The environmental branch of consumocracy is commonly referred to as Natural Capitalism, and its political branch, as Political consumerism .
History
In 1791, an estimated 300,000 British consumers, mainly led by women, had been involved in what is held to be the first consumocratic initiative recorded by historians. They abstained from consuming sugar produced under conditions of slavery and later came to support “free labour” alternatives (Midgley 1992, 1996). The first anti-slavery initiative was the prelude to what has become an increasingly sophisticated mode of regulating corporate behaviour.
In London and throughout the British Islands, advertisement in support of the free produce movement flourished. A typical ad is that of a then sugar refiner: "BENJAMIN TRAVERS acquaints the Publick that he has now an assortment of Loaves, Lumps, Powder Sugar, and Syrup, ready for sale produced by the labour of FREEMEN. (Hochschild 2004)
To date, environmental protection (also understood as the promotion of future generations’ well-being), decent working conditions, as well as the humane treatment of animals are among the spheres toward which the ethical preferences of consumers appear to be heading. Among the most advanced forms of consumocratic devices are the dolphin-safe, fair-trade, child labour free, and forestry (eco)-labelling initiatives.
Characteristics
A standard feature of this regime is that it provides consumers with the choice of combining, in their purchasing decisions, the final attributes of products (e.g., their price or manufacturing quality) with their peripheral attributes (e.g., the conditions under which they are produced). They can in effect select comprehensive outcomes, not just culminative outcomes, of their choice. This further reinforces the transformation of the production system into a purer service economy, as a key service is the actual reporting of the effects of purchasing on others.
The recent evolution of these systems makes it increasingly easier for consumers to express their concerns for the welfare of others (e.g., humans, other animals, victims of climate change, pollution) through markets. The broader regulation system encompassing the political and economic aspects of these consumers' responses (cf. ethical consumerism, moral purchasing) is referred to as consumarchy [from consummare (Lat.), to consume, and arkhê (Gr.), command.] or consumocracy [from kratos (Gr.), authority.] .
Consumocracy may therefore be defined as a regulation system within which corporate behaviour is in part subordinated to consumer demand functions obeying both logics of self-regarding and other-regarding action. By giving politically disenchanted consumers the opportunity to exert new authority on enterprises through a more enlightened selection of consumer goods, it may also be viewed as the center of a nascent political economic order .

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