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“Economists now use the term 'Veblen effect' to refer to the way goods are chosen for their social value rather than their usefulness... Too often consumerism is regarded as if it reflected a fundamental human material self-interest and possessiveness. That, however, could hardly be further from the truth. Our almost neurotic need to shop and consume is instead a reflection of how deeply social we are. Living in unequal and individualistic societies, we use possessions to show ourselves in a good light, to make a positive impression and to avoid appearing incompetent in inadequate in the eyes of others. Consumerism shows how powerfully we are affected by each other. Once we have enough of the basic necessities for comfort, possessions matter less and less in themselves and are used more and more for what they say about their owners.”

Kate Pickett, The Spirit Level: Why More Equal Societies Almost Always Do Better
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The Spirit Level: Why More Equal Societies Almost Always Do Better The Spirit Level: Why More Equal Societies Almost Always Do Better by Richard G. Wilkinson
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