Capitalism perpetuates Wasteful Consumption Patterns from "summary" of Theory of the Leisure Class by Thorstein Veblen
The prevailing system of economic relations is organized around the pursuit of profit. This profit motive drives individuals to engage in conspicuous consumption, where the goal is not simply to satisfy one's needs but to conspicuously display one's wealth and social status. This leads to the adoption of wasteful consumption patterns, as individuals seek to outdo one another in the display of their pecuniary strength. In a capitalist society, the accumulation of wealth is the primary measure of success and status. Those who are able to accumulate the most wealth are held in high esteem and are seen as having achieved the pinnacle of social success. This creates a culture of competition where individuals are constantly seeking to outdo one another in the accumulation and display of wealth. The pursuit of profit also leads to the productio...
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