“Conspicuous consumption of valuable goods is a means of reputability to the gentleman of leisure...In other words, the conspicuous consumer spends money to impress other people and to ensure that others are well aware of the spender’s socioeconomic status.” |
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“Conspicuous waste beyond the imagination of Thorstein Veblen has become the mark of American life. As a nation we find ourselves overbuilt, if not overhoused; overfed, although millions of poor people are undernourished; overtransported in overpowered cars; and also . . . overdefended or overdefensed.” |
“The Tesla (Nasdaq: TSLA) roadster has a 1,000 pound battery that needs to be replaced every 7 years at a cost of about $36,000...It’s conspicuous consumption for wealthy liberals — in much the same way that huge SUVs were the vehicle of choice for rich conservatives a few years ago.” |
“Many...rich Americans aren’t just rich; they are responsibly rich. They made their money the new fashioned way: They worked for it. But they know that luck, not sweat, graced their paths. Their focus is on giving back, not taking more. They pay their taxes, found real charities, endow universities, support hospitals, fund medical research and gamble on products that can help us all. Their lives are lives of conspicuous philanthropy, not conspicuous consumption.” |
“Sex and the City 2" (R) Sarah Jessica Parker and her gal pals are back in a bloated commercial for conspicuous consumption. It amounts to a long shopping trip through Manhattan followed by a long shopping trip through a resort hotel in Abu Dhabi.” |
“The new champion of conspicuous consumption – iPhone division, the Kings Button iPhone mod, in which Austrian jeweler Peter Aloisson will encrust your device in three kinds of 18-carat gold (white, yellow and rose) and 6.6 carats of diamonds, for the ‘What Financial Crisis?’ sum of $2.5 million.” |
“Veblen argues that no class, not even the poorest, forgoes all conspicuous consumption. This is even truer of inconspicuous consumption. Even the poorest of the poor can afford a T-shirt with a Caesar’s Palace logo from the half-price rack at Wal-Mart or a hamburger in a bag sporting McDonald’s golden arches. Even the street person can fish things out of the local trash can. Many of the poor spend inordinate amounts on such inconspicuous consumption and, in the process, may ignore essential needs and purchases. This tends to support Veblen’s view that people will endure a quite shabby private life to have the public symbols they deem desirable.” |
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