Conspicuous consumption can no longer be our economic engine

FT 14 July 2021

https://www.ft.com/content/29aadf7b-10c3-4a02-b70e-dc87c474fa9d

 

As in all affluent societies, the greater part of this spending no longer serves to procure the basics of life, such as food and shelter and physical comfort. Instead, it is directed at a range of social functions, from gaining the esteem and consideration of others to expressing one’s own identity. 

https://www.ft.com/content/7c3cde28-92d1-41fa-be2e-eef5f108efea


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