Thorstein Veblen: Conspicuous Consumption and Leisure
Channel: Center for Popular Economics
Date: 2021-10-19

#Veblen #EconomicsExplained #Breadtube
Center for Popular Economics (CPE)

Summary:
In this video, we analyze some of Thorstein Veblen's most important contributions to economics-- the theories of conspicuous leisure, conspicuous consumption, and why the working class seeks to emulate the behaviors of the wealthy, rather than rebel against them. We'll show how consumption and other types of economic activity in capitalist society serve the function of upholding class-based hierarchies through the ideological debasement of labor and the simultaneous glorification of wealth, violence, and status.  

Chapters (Timestamps):
1) Introduction 00:00-1:45
2) Conspicuous Leisure 1:45- 11:18
3) Conspicuous Consumption 11:18-26:29
4) Conclusion 26:29-29:11

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Intro Song: Warrior (Drake x Offset x Migos Type Beat), Grizzly Beats