An undergraduate student writes:
You've linked to two articles by Todd Gitlin recently. Both indicate troubling characteristics of college students that are possibly (at least in part) attributable to the influence that capitalism exerts on American culture (e.g. freshmen are now in general more interested in great financial success than "develop[ing] a meaningful philosophy of life," while in 1974 the latter was more strongly valued than the former - perhaps this is explicable in terms of changes in the college population, but from what I understand (uniquely capitalistic) economic forces may well be to blame). Then there are larger worries about growing depression among Americans (Gitlin speaks to this in one of the articles that you posted), which is sometimes vaguely explained as a product of an empty consumer culture that allegedly breeds nihilism. (A more expansive list of cultural problems supposedly produced by capitalism is offered by Terry Eagleton in Why Marx was Right: "Alienation, the ‘commodification’ of social life, a culture of greed, aggression, mindless hedonism and growing nihilism, the steady hemorrhage of meaning and value from human existence . . . .")
In light of the foregoing, my question is this: Are there any good, and relatively recent, books or articles that argue that capitalism has deleterious effects on American (or, more broadly, Western) culture? If there are, I've had little success in finding them. The Frankfurt School is clearly relevant here, but Adorno, Horkheimer, and Marcuse were (obviously) engaged with a world substantially different from the current one, and the modern representatives of the Frankfurt School (e.g. Habermas and Honneth) repeatedly strike me as far too gentle with contemporary culture, possibly for fear of seeming too pessimistic.
Habermas basically abandoned the original critical/Marxian/Freudian aspects of Critical Theory in favor of a return to Kant. But the question posed is a good one. What would readers recommend by sociologists, historians, political theorists, philosophers etc.?