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Economists have a term for these kinds of things where the demand rises as prices rise: Veblen goods https://en.wikipedia.org/wiki/Veblen_good https://en.wikip

by davidw 7mo ago

Economists have a term for these kinds of things where the demand rises as prices rise: Veblen goods https://en.wikipedia.org/wiki/Veblen_good https://en.wikipedia.org/wiki/Veblen_good

marcosdumay 7mo ago
Buying unnecessary expensive stuff is one thing. But it's hard to understand why anybody would want to display that total loyalty to a brand signal.
- fragmede 7mo ago
  It taps into a very primordial "I'm better than you" urge some people need.
- animal_spirits 7mo ago
  "There is only sex. Everything is sex" - Robert California
- ChrisMarshallNY 7mo ago
  Harley Davidson, anyone?