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"People want to demonstrate their wealth and status.
When "exotic" foreigners demonstrate their wealth, they're being ostentatious and ridiculous.
"It's a statement and a nice way for the ministers to demonstrate their wealth," says Marina Usenko, executive vice president of Jones, Lang, Lasalle Hotels, a consulting firm.
"The fabulously wealthy are suffering from a severe form of ennui caused by 'having it all', so their search is not simply for something different but for something that can overtly demonstrate their wealth to others – given the publicity it will generate in star-struck publications like Hello! magazine.
In a time where everyone is judged by his financial status, the memebers of Millionaires24 can demonstrate their wealth.
Hence the "Veblen effect" (Veblen 1953), the phenomenon whereby some customers buy expensive goods to demonstrate their wealth and social status, appears.
Similar(54)
The cities demonstrated their wealth and power, particularly in temple building, which was to foster new architectural forms, and also in the decoration of the temples and of the national sanctuaries.
In his essay "The Praise of Folly," written in 1509, the Dutch philosopher Desiderius Erasmus writes about noble houses that would use banquets to demonstrate their considerable wealth.
In his essay "The Praise of Folly", published in 1509, the Dutch philosopher Erasmus writes about noble houses that would use banquets to demonstrate their considerable wealth.
Until that time, the nobility would demonstrate their great wealth in their country châteaux, luxuriously entertaining their numerous guests to weeks of tournaments, hunts, great feasts, dances and entertainments.
In the case of the potlatch, the invitees to one potlatch were obligated to answer back by hosting a bigger and better celebration, giving away or destroying even more stuff to demonstrate their status and wealth.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com