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The "1843" version of the article, without the paywall => https://www.1843magazine.com/1843/the-economics-of-fun/the-secret-economics-of-a-vip-party https://www
by smitty1e 6y ago
The "1843" version of the article, without the paywall => https://www.1843magazine.com/1843/the-economics-of-fun/the-secret-economics-of-a-vip-party https://www.1843magazine.com/1843/the-economics-of-fun/the-s...
> " Over the last few decades, a new elite has emerged, partly as a result of deregulation of the financial sector in the West and partly because of the spread of global capitalism across the world. This elite is more geographically dispersed and mobile than the aristocrats and capitalists of yesteryear."
Remember that decadence is not intrinsic to the human condition; rather, the fruit of capitalism.
- throwgeorge 6y agonot sure why you're being downvoted but conspicuous consumption and capital's drive to constantly create new markets makes perfect sense to me as an explanation for decadence (a word that literally means decay ie not a thing any organism would organically pursue).
- zacherates 6y agoI'm pretty sure decadence is older than the 1850s... Yeah, it would seem Martin Luther died in 1546. Decadence requires power, and capital is the most obvious way to acquire it in our society.