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The richer a society or peer group, the less important visible spending becomes. by hackernews
“ MISSED SIGNALS: The less money your peer group has, the more bling you buy—and vice-versa. (Photo credit: Frazer Harrison/Getty Images) ”
posted 5 months ago in society, images, world ( 6 views | 4 jaas | 1 tag | 1 save | reply )
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Opinion: Between a rock and a countertop by zecg
"In his book Consumed: How Markets Corrupt Children, Infantalize Adults, and Swallow Citizens Whole, Barber says all this material consumption is holding adulthood at bay and killing the citizen in us all."
posted 10 months ago in consumerism, psychology, government ( 2 views | 1 jaa | reply )
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posted 1 year ago in consumerism, advertising, ads ( 1 view | 1 jaa | reply )
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A new way of looking at race and conspicuous consumption. - By Ray Fisman - Slate Magazine by zecg
"...the further a family of either race slips behind the average income of nearby households of the same race (becoming too poor to compete in the signaling game), the less it spends on these visible goods."
posted 10 months ago in wealth, consumerism, psychology ( 3 views | 1 jaa | reply )

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