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The environmental impact, sure, but there's also a "keeping up with the Joneses" factor. If people don't flaunt their status, other people won't feel as pressur
by chadash 8y ago
The environmental impact, sure, but there's also a "keeping up with the Joneses" factor. If people don't flaunt their status, other people won't feel as pressured to either.
I once heard a very wealthy guy complain that "everyone these days wears a Rolex", so he needs to buy something fancier. Well, once every super wealthy person goes out and buys something fancier, then the less wealthy people will want that and the effect trickles down. The fact is that conspicuous consumption is a problem for our society in that it leads people to buy things that they can't afford. By driving a minivan, Brian Acton isn't contributing to that problem as much and I commend him for it.
- roywiggins 8y agoIt's a Red Queen effect, I guess.