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> If people have become so devoted to monetary success alone, how can all these industries that rely on vice exist? Indulging a vice is inherently wasteful. It
by faitswulff 7y ago
> If people have become so devoted to monetary success alone, how can all these industries that rely on vice exist? Indulging a vice is inherently wasteful. It costs time that could be spent working, and money that could be better spent on self-improvement, or invested or saved.
Simple: people are not perfectly rational economic actors. I believe the study of irrational economics is called "behavioral economics."