Conspicuous Consumption
This video presents the same text shown beside it, spoken and on screen. It adds nothing the text does not say.
State
Conspicuous consumption, Veblen's term, is spending undertaken to display social position rather than to satisfy a need.
Show
A purchase whose visible cost is the point performs the same work at every income level.
Watch for
The display is not confined to the wealthy; the scale changes and the mechanism does not.
Builds on
Unlocks
- Nothing yet depends on this.