Law in Contemporary Society

View   r12  >  r11  ...
VeblenIfYouGiveAMouseACookie 12 - 17 Apr 2010 - Main.NonaFarahnik
Line: 1 to 1
Added:
>
>
META TOPICPARENT name="VeblenTopics"
 Did you ever think capitalism might end because it was too… successful? Veblen offers this possibility.

Specifically, Veblen seems to define capitalism as the creation of conspicuous consumption. The higher classes accumulate profit to devote themselves to conspicuous consumption. Everyone emulates everyone who is higher than them in the social hierarchy. The lower classes emulate the higher classes by consuming as conspicuously as they possibly can. As capitalism progresses and the manifestations of conspicuous consumption grow in number, Veblen seems to say the lower classes may begin to feel like they are getting poorer and poorer comparatively. This feeling might be so strong that capitalism itself is overthrown.


Revision 12r12 - 17 Apr 2010 - 14:48:46 - NonaFarahnik
Revision 11r11 - 07 Apr 2010 - 05:07:00 - JohnAlbanese
This site is powered by the TWiki collaboration platform.
All material on this collaboration platform is the property of the contributing authors.
All material marked as authored by Eben Moglen is available under the license terms CC-BY-SA version 4.
Syndicate this site RSSATOM