4 ms·
Conspicuous consumption of all sorts of luxury goods? Who would pay $5000 USD for a Rolex when a $20 Casio tells time more accurately?
by blacksmith_tb 10y ago
Conspicuous consumption of all sorts of luxury goods? Who would pay $5000 USD for a Rolex when a $20 Casio tells time more accurately?
- reacweb 10y agoFor Rolex, the idea is to be part of the small elite that can afford it. But how do you explain that so many people spend so much money for a recent iphone when a 10$ phone works better for phone calls (more autonomy, stronger, better fit in hand).
- nodamage 10y agoProbably because most people don't use their phones to make phone calls anymore, so other use cases are more important to them? Messaging, Facebook, etc.