• Chessmasterrex@lemmy.world
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    6 months ago

    My thoughts exactly. I stopped wearing conspicuously branded products when I was in highschool for this very reason.

    • stoicwisesigma@thelemmy.club
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      6 months ago

      The problem is it’s hard to hold people accountable for their actions because the liberal court system doesn’t allow for it. As a fellow sigma, I don’t let anyone walk all over me anymore, learned that the hard way after my wife cheated on me and took the kids. I once bought a shirt from Facebook marketplace and it had a rip in it, I sued the seller for 10 million USD in damages, didn’t win the court case. When I tried to get the money back he refused to give me it in Monero. This country is screwed.

  • UnderpantsWeevil@lemmy.world
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    6 months ago

    Conspicuous consumption

    In sociology and in economics, the term conspicuous consumption describes and explains the consumer practice of buying and using goods of a higher quality, price, or in greater quantity than practical. In 1899, the sociologist Thorstein Veblen coined the term conspicuous consumption to explain the spending of money on and the acquiring of luxury commodities (goods and services) specifically as a public display of economic power—the income and the accumulated wealth—of the buyer. To the conspicuous consumer, the public display of discretionary income is an economic means of either attaining or of maintaining a given social status.

    This results in what may be known as Veblen goods, for which the demand increases as the price increases, in apparent contradiction of the law of demand, resulting in an upward-sloping demand curve.