IMHO what @paulbloomatyale overlooks here is how signaling selection pressures could have shaped human sensory responses, aesthetic preferences, interests in provenance, & learnability of associations between product features, brands, status, & attractiveness.
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Veblen is hilarious. But his is a dry wit.
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Good article. It reminds me of a discussion after a Sundance film I saw a few years back, “My Kid Could Paint That.” Discussed how history of an object was important.https://youtu.be/j46V9wclBaw
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A good read, except the musings on the government using ‘science’ to rationalize curbing luxury spending is chilling. I also don’t think expensive analog watches (like Rolex) fit neatly into the discussion because of the enthusiast element that wouldn’t apply to e.g. clothing
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I once visited the Isle of Capris, a ritzy place in Italy, and I saw a woman pushing a Fendi baby stroller with alligator skin on the bonnet. I thought "what's the point of that? your kid is just going to shit so over it".
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