Emulation drives Social Stratification from "summary" of Theory of the Leisure Class by Thorstein Veblen
In the social structure of modern industrial communities, emulation plays a key role in determining the status of individuals within the society. The desire to imitate the lifestyle and consumption patterns of the leisure class leads to a stratification of social classes based on the ability to display wealth and material possessions. The emulation of the leisure class by individuals of lower classes leads to a competition for social status through conspicuous consumption. Those who are able to acquire and display the most luxurious and extravagant goods are able to signal their superior social standing to others in the community. This creates a hierarchy within society based on material wealth and the ability to emulate the leisure class. As individuals strive to emulate the consumption patterns of the leisure class, they incur significant costs in order to maintain their social status. The pursuit of status through conspicuous consumption leads to wasteful and inefficient spending, as individuals compete to outdo one anot...
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