Economic Disparity results in Mass Veblenian Envy from "summary" of Theory of the Leisure Class by Thorstein Veblen
The economic inequality that exists within society fosters a pervasive sense of dissatisfaction among the lower classes. This discontent stems from the stark contrast between the lavish expenditure of the leisure class and the limited resources available to those further down the social hierarchy. As individuals observe the extravagant displays of wealth exhibited by the elite, they experience a profound sense of longing and resentment. This phenomenon, known as mass Veblenian envy, is characterized by a desire to emulate the consumption patterns of the wealthy in order to attain a higher social status. The lower classes are acutely aware of the material possessions and leisure activities enjoyed by the leisure class, which serve as markers of prestige and social standing. In response, they seek to acquire similar goods and engage in comparable forms of conspicuous consumption as a means of signaling their own success and importance. The pursuit of status through material possessions perpetuates a cycle of competitive consumption that further exacerbates economic disparities within society. Individuals engage in a constant race to outdo one another in terms of the quality and quantity of their possessions, leading to escalating levels of expenditure and debt. This cycle of emulation and one-upmanship only serves to reinforce the existing hierarchy and widen the gap between the leisure class and the working class.- Mass Veblenian envy perpetuates a culture of conspicuous consumption that is driven by the desire for social recognition and status. The lower classes are motivated to consume beyond their means in order to project an image of success and affluence, even at the expense of their financial well-being. This cycle of emulation and competitive consumption serves to maintain the existing social order, as individuals continue to aspire to the lifestyle of the leisure class, perpetuating economic disparities and social inequality.
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