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I think you and nostromo describes the situation well from a European, or British, perspective and I think this is different from the US perspective covered in
by kokey 11y ago
I think you and nostromo describes the situation well from a European, or British, perspective and I think this is different from the US perspective covered in the article. I think the cultures around material status symbols are very different, and social mobility too. In Europe the signals are around things which can't easily be changed over one or even two generations, so material wealth has a different purpose.
- fauigerzigerk 11y agoI'm not sure how what you are saying relates to social mobility. Most European countries, but not Britain, have a lot more social mobility than the US: http://www.oecd.org/eco/public-finance/chapter%205%20gfg%202010.pdf http://www.oecd.org/eco/public-finance/chapter%205%20gfg%202... There are of course many different measures of social mobility so this may not be a generally accepted fact. I feel that language dominates all other signals in Europe, which may be the reason why it doesn't make much sense to buy luxury goods to signal status.