Too Much: A Commentary on Excess and Inequality
Home

 
Transportation
Habitation
Relaxation
Decoration
Vacation
Mastication
Communication
Sanitation
Celebration
Education
 
Lifestyles of the Rich and Shameless
yacht
courtyard We see today, in all modern societies, a lust for costly baubles, what economist Robert Frank has dubbed "luxury fever." But the intensity of this fever varies enormously. What determines this intensity? One factor over all others: the level of economic inequality. The more wealth concentrates, the greater the obsession with the things only money can buy. In relatively equal societies — societies where most people make similar incomes — people will generally not obsess over things. With nearly everyone able to afford much the same possessions, things overall tend to lose significance. But inequality changes everything. The wider income and wealth gaps become, the greater the differences in the things different people are able to afford. Things, in markedly unequal societies, come to signal who has succeeded and who has not. You are judged, in these societies, by what you own, by what you consume, not who you are. Luxury fever impacts almost every facet of contemporary life. For a sampling, check the left menu.
car
 
 
 
 
Read this week's Too Much newsletter | Browse the Too Much archive
Sign up for the Too Much weeky newsletter | Your email

Published by the Council on International and Public Affairs | 777 UN Plaza, Suite 3C
New York, NY 10017 | Voice: 212-972-9877 | Email | Copyright 2008 | Subscribe