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Re:Does Market Timing Work? by bumby on Wednesday October 11, 2023 @04:49PM (#37850083)
That's a good point, and I'm in favor of those 'cultural expressions'. But I think we're fooling ourselves if we think somebody is buying a gas-guzzling SUV, or the next iPhone, so they will have the ability to write the next great American novel. I'd venture that most consumption is a status game.

I think my larger point is we have to zoom out for a systems level analysis. We shouldn't assume that the production is de-coupled from the consumption, and production can come with a host of negative externalities. I'm not convinced that wonton consumption (especially for the sake of itself) is a net positive, given human nature's tendency to be insatiable with regard to consumption.

Re:Does Market Timing Work? by yterdy on Sunday October 15, 2023 @08:49AM (#37889309)
>I'd venture that most consumption is a status game.

I would include the debasement of one's moral soul for social-climbing purposes in the set of aforementioned sacrifices. :)

In any case, I did mention the dangers of overconsumption. There is something in between that and subsistence that is a net-positive for society (in this epoch, at least).