The term 'postmodernity' has been used to describe that historical transformation of the late 20th century when the institutional breaks holding back individual emancipation disintegrated, thereby giving rise to the full expression of individual desires and the quest for self-fulfilment. But there are now signs - argues Gilles Lipovetsky, one of the most original social thinkers in France today - that we've entered a new phase of 'hypermodernity', characterized by hyper-consumption and the hypermodern individual.

Hyperconsumption is a consumption which absorbs and integrates more...