Toot

Written by Charlie Stross on 2024-09-23 at 12:39

@froztbyte Your term of art in economics to describe this shitbaggery is "Veblen goods": https://en.wikipedia.org/wiki/Veblen_good

"a type of luxury good… for which the demand increases as the price increases, in apparent contradiction of the law of demand, resulting in an upward-sloping demand curve. The higher prices of Veblen goods may make them desirable as a status symbol in the practices of conspicuous consumption and conspicuous leisure."

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