See To Gen Z, Everything Is a Recession Indicator: Investors have long turned to offbeat economic gauges like underwear sales and the length of hemlines. Now, the TikTok generation is taking it to the next level by Hannah Erin Lang of The WSJ. Excerpt:
"“People need a narrative. They need something they can understand,” said Christopher Clarke, an economist at Washington State University who posts regularly on TikTok and other social-media platforms. And if you’re an average person trying to understand the economy, he said, “you’re not going to use the yield curve.”"
From another post:
Terry Eagleton shares Campbell's idea of the sociological function of myths, which can be seen as "naturalizing and universalizing a particular social structure, rendering any alternative to it unthinkable." (Eagleton, 188) He does see myth and ideology working together because the rational side of any movement, ideology is not enough to stimulate political action on the part of the members of some group.
"Men and women engaged in such conflicts do not live by theory alone; socialists have not given their lives over the generations for the tenet that the ratio of fixed to variable capital gives rise to a tendential fall-off in the rate of profit. It is not in defence of the doctrine of base and superstructure that men and women are prepared to embrace hardship and persecution in the course of political struggle. Oppressed groups tell themselves epic narratives of their history, elaborate their solidarity in song and ritual, fashion collective symbols of their common endeavour. Is all this to be scornfully dismissed as so much mental befuddlement?" (Eagleton, 191-2)
His answer is no. It is all designed to "foster solidarity and self-affirmation." (Eagleton, 192)
(Eagleton, Terry. 1991. Ideology. Vreso: London.)
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