Final answer:
Commodity fetishism is the belief that certain goods possess magical powers, leading people to think that owning or consuming these items will make them powerful and desirable. This belief influences how we view and consume goods, as we seek power and social status through our material possessions.
Step-by-step explanation:
Commodity fetishism refers to the association of commodities with magical powers, making people believe that owning or consuming certain goods will make them beautiful, enviable, or part of a more powerful social class. However, in reality, commodities are just inert objects, and it is people who have the power to transform materials into commodities. This idea has implications for how we view and consume goods, as it encourages us to seek power and control through shopping and associate material possessions with personal worth and societal status.