All of it.
If you could add it all up, I wonder how much value is lost to ego/status maintenance globally
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Beat me to it.
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But also, how did we get all that value to lose if not from status competitions?
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You know, I recently thought to myself I can’t escaoe the ego and the status seeking. I think the notion of prestige is a lot more sustainable/ good for humanity.
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Status also produces value since it is one of the key coordination mechanisms. Arguably status is more effective at getting people to align with each other's actual goals than markets.https://medium.com/@samo.burja/how-elon-musk-is-making-engineers-cool-again-848ea6d3a2f8 …
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A necessary trait of a rising civilisation is offering its elites credible, valuable and scalable status incentives for prosocial behaviour. In declining civs status assignment mechanisms break down and elites have nothing left to do other than throw orgies and drink
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The more pessimistic take, is how much value is created due to ego/status maintenance? Conspicuous consumption, costly signaling, hedonic treadmill etc. all drive the economic engine
Thanks. Twitter will use this to make your timeline better. UndoUndo
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A few weeks ago I went to get coffee with a friend. It was a weekend, so the Muni bus was at a different time than I thought. If I wanted to not be rude, I had to take an Uber. Meanwhile, he had overestimated *his own* Muni bus stop, and took an Uber not to be rude, too.
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$25 lost to the global economy that could have recouped if we’d thought to coordinate directly.
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Or how much is gained? How many people achieve enormous success and economic gains for purely egoic reasons?
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And at what cost to those around them?
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