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1 posted on 02/07/2021 9:18:29 PM PST by tbw2
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To: tbw2

Thorstein Veblen’s Theory of the Leisure Class—A Status Update
https://quillette.com/2019/11/16/thorstein-veblens-theory-of-the-leisure-class-a-status-update/


2 posted on 02/07/2021 9:19:03 PM PST by tbw2
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To: tbw2

Good ole institutional economics. Conspicuous consumption.


3 posted on 02/07/2021 9:53:44 PM PST by edhawk
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To: tbw2

Very useful post.


4 posted on 02/07/2021 10:05:18 PM PST by kiryandil (New Movie: The Assassination Of Ashli Babbitt By The Anonymous Coward)
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To: tbw2

As an economics major (BA,1972), I studied Veblin. A far lefty, but I gave him credit for having an affair with a fellow professor’s wife whilst teaching at Stanford.


5 posted on 02/07/2021 10:18:28 PM PST by llevrok (I'm old enough to remember when the quarantine was to be 3 weeks)
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To: tbw2

I would say that “class elitism” is another form for most of its’ members of “white privilege/wealth”, now being joined by a new leftist “black elite” (esp. from the sports and entertainment world).

The more money/goods they have, the more they think of themselves as being “very important, knowledgeable about the world’s ills, and how to cure them via a socialist/Marxist set of solutions no matter how destructive and provably non-productive they are”.

In the old world we call them “self-righteous egotistical bastards and blowhards (minus Don Lemon)”.


6 posted on 02/07/2021 10:44:18 PM PST by MadMax, the Grinning Reaper
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To: tbw2

Veblen was an anti-capitalist statist. This is poison. Drink at your own peril.


7 posted on 02/07/2021 11:07:06 PM PST by ProgressingAmerica (Public meetings are superior to newspapers)
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