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Its not overrated, it is just scarce. Yes, it is a status symbol, solely because of its high price and because it is scarce. These aren't controversial things

Its not overrated, it is just scarce. Yes, it is a status symbol, solely because of its high price and because it is scarce. These aren't controversial things, you already figured it out, but somehow have cognitive dissonance over this.

perfmode 8y ago
It is scarce. Because it is scarce, it is a status symbol. Because it is a status symbol only because it is scarce, it is overrated. Therefore it is overrated.
- gammateam 8y ago
  > Because it is a status symbol only because it is scarce, it is overrated. Ah thats where we are going to disagree. That logic path isn't a leap I would make. You are undervaluing the utility of scarcity.
  - mpweiher 8y ago
    And the utility of status symbols. Now one can reasonably disagree over whether they should be useful. But the case that they actually are not useful is a difficult one.
    - gammateam 8y ago
      Agreed, a single market participant can be constricting the supply intentionally or because they have a utility unknown/inaccessible to the rest of the market
- mrighele 8y ago
  Something being overrated is subjective. It is another way to say "somebody else appreciate it much more than I do". I admit that when the vast majority holds a common subjective opinion, for many intents and purposes it can be considered objective, but I'm not sure if it applies to caviar...
- defterGoose 8y ago
  Actually I couldn't give two $#!T$ who sees me eating caviar, I pay the price for the pleasure of eating it when I can. It is not overrated just because you don't understand individual taste and/or are disappointed you can't afford it.
  - BostonEnginerd 8y ago
    “I'll buy that the private sector can't solve the tragedy of commons, but if governments can't, we're all lost. The fact that the system we currently exist in uses fossil fuels doesn't equal the right of those who extract it to reap unlimited profit, or to pollute others' environment no matter how gradually or secretly.” — you, six days ago
- vkou 8y ago
  Caviar only become particularly scarce after the collapse of the Soviet Union, and an explosion in poaching drove sturgeon to extinction. There was plenty of poaching during the communist times, but not enough to utterly destroy the country's fish stocks.
kw71 8y ago
When I lived in Russia (2000s) it was quite abundant and seemed to be cheap, it was part of nearly every breakfast that I didn't prepare for myself whether or not there was anything luxurious about the situation. The foie gras that GP mentioned, is inherently labor intensive to produce and not abundant anywhere.
- gammateam 8y ago
  Yes, and due to overfishing Russia banned it periodically in 2007 onwards.
deleted 8y ago
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perfmode 8y ago

It is scarce. Because it is scarce, it is a status symbol. Because it is a status symbol only because it is scarce, it is overrated. Therefore it is overrated.

gammateam 8y ago
> Because it is a status symbol only because it is scarce, it is overrated. Ah thats where we are going to disagree. That logic path isn't a leap I would make. You are undervaluing the utility of scarcity.
- mpweiher 8y ago
  And the utility of status symbols. Now one can reasonably disagree over whether they should be useful. But the case that they actually are not useful is a difficult one.
  - gammateam 8y ago
    Agreed, a single market participant can be constricting the supply intentionally or because they have a utility unknown/inaccessible to the rest of the market
mrighele 8y ago
Something being overrated is subjective. It is another way to say "somebody else appreciate it much more than I do". I admit that when the vast majority holds a common subjective opinion, for many intents and purposes it can be considered objective, but I'm not sure if it applies to caviar...
defterGoose 8y ago
Actually I couldn't give two $#!T$ who sees me eating caviar, I pay the price for the pleasure of eating it when I can. It is not overrated just because you don't understand individual taste and/or are disappointed you can't afford it.
- BostonEnginerd 8y ago
  “I'll buy that the private sector can't solve the tragedy of commons, but if governments can't, we're all lost. The fact that the system we currently exist in uses fossil fuels doesn't equal the right of those who extract it to reap unlimited profit, or to pollute others' environment no matter how gradually or secretly.” — you, six days ago
vkou 8y ago
Caviar only become particularly scarce after the collapse of the Soviet Union, and an explosion in poaching drove sturgeon to extinction. There was plenty of poaching during the communist times, but not enough to utterly destroy the country's fish stocks.

kw71 8y ago

When I lived in Russia (2000s) it was quite abundant and seemed to be cheap, it was part of nearly every breakfast that I didn't prepare for myself whether or not there was anything luxurious about the situation. The foie gras that GP mentioned, is inherently labor intensive to produce and not abundant anywhere.

gammateam 8y ago
Yes, and due to overfishing Russia banned it periodically in 2007 onwards.

deleted 8y ago

[deleted]