Similarly, conspicuous consumption
is threatening our physical health.
The first part of the book is rather convincing in its point that the conspicuous consumption
that characterizes our current society is worthy of concern and perhaps should be curtailed.
The primary lesson of television's ads, product-based cartoons and insistent stress on fashion, style and conspicuous consumption
is "You are what you buy.
Pre-capitalist residues of status anxiety would cause landlords to direct their ill-gotten gains to conspicuous consumption
rather than to invest in industry.
Just as smoking has lost its social cachet in the United States in the space of a decade, conspicuous consumption
of all types may be susceptible to social pressure over a longer period.
The conspicuous consumption
of the yuppie generation will diminish as an older, more sophisticated shopper, with a desire for quality and diversity, emerges.
At a recent conference on deficit reduction held for progressives, Robert McIntyre, director of the Citizens for Tax Justice, laid out the fundamental choice"We can curb consumption of ordinary folks, or we can curb the conspicuous consumption
of the super-rich.
The leisure class, Veblen said, justifies itself solely by practicing " conspicuous leisure and conspicuous consumption
"; he defined waste as any activity not contributing to material productivity.
Even by 1% standards, this residence, due to be completed by late 2017, represents conspicuous consumption
at its most extreme.
While it's no secret that Moscato has "replaced Cristal champagne as the conspicuous consumption
beverage du jour," with stars like Drake and Lil Kim rapping about the stuff, Bartenura's emergence as the Moscato of choice is hardly an accident.
Instead of obsessing about the budget deficit, which never was a problem for international money markets, we should be concerned about the balance of payments deficit, as imports are fast outstripping exports due to the conspicuous consumption
of the richest 1% beneficiaries of Mr Osborne's tax cuts.