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Shipman 2004
Shipman 2004
To cite this article: Alan Shipman (2004) Lauding the Leisure Class: Symbolic Content
and Conspicuous Consumption, Review of Social Economy, 62:3, 277-289, DOI:
10.1080/0034676042000253909
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REVIEW OF SOCIAL ECONOMY, VOL. LXII, NO. 3, SEPTEMBER 2004
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4). But when affluence’s accents and graces take time to acquire, its material
basis must be seen to be believed. Denied respect for its origins, new fortune
wins social status through its destinations, the shiniest of which are those
where most can be blown without breaking the bank. Conspicuous waste
becomes the instant measure of relative social standing. ‘‘The need of
conspicuous waste, therefore, stands ready to absorb any increase in the
community’s efficiency or output of goods, after the most elementary physical
wants are provided for’’ (Veblen 1994: 68).
When first observed, Conspicuous Consumption’s (CC) main practitioners
were new tycoons seeking to match the refinement of the longer-established
rich. Veblen’s account dwells ironically on the double sense of culture being
wasted on materialistic consumers, and wasted by the act of purchasing purely
for display. Those who have got rich quick have an understandably low
tolerance for the time and tuition needed to gain cultural accomplishment. So
they aim to let depth of pocket prevail over depth of discernment, and shift the
battleground from unearned income to unashamed expenditure. However,
‘‘creative destruction’’ ensures that for every self-made magnate with a new
fortune to flaunt, there are several whose flagging endowment gives them an
interest in shifting battle from the showroom to the salon. When consumption
moves to the symbolic realm, equally distinctive display can be made with less
material requirement. Because it is detachable from, and more durable than,
volatile market valuations of wealth, different vintages of rich find shared
interest in shifting the contest to conspicuous taste.
Those long socialized into non-immediate preferences and pleasures try
equally hard to retain these as criteria of accomplishment, emphasising
culture’s detachment from supporting wealth as this diminishes. Their
continued ability to reverse the direction of conspicuous ‘‘consumer
sovereignty’’, with inherited wisdom rather than acquired wealth setting the
standard, has attracted three main explanations. The ‘‘positionality’’ of
symbolic products – their devaluation by multiplication – means that buying
more means enjoying less. Early acquirers have a lasting first-mover
advantage, which they can prolong by simple refusal to sell. Options for
shifting demand onto equally valuable, more easily reproducible goods are
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their way into the market by the old rules before these can change in their
direction. Success in so doing makes them beneficiaries of those rules,
reducing their incentive to change them. By adding to the abstraction and
complexity of cultural products, and discussion about them, those with taste
but no money can still keep a superior distance from those with money but (as
yet) no matching taste. ‘‘High’’ culture involves waste only in the vague sense
that it lacks the lower cultures’ immediate connection to life and its everyday
concerns. The distancing of art from life is just one among many facets of
‘‘bourgeois politeness, whose impeccable formalism is a permanent warning
against the temptation of familiarity’’ (Bourdieu 1984: 34). The eclipse of
‘‘waste’’ by ‘‘taste’’ as the basis for CC is reinforced by three other features of
economic growth and corresponding social structural change.
First, material excess has declining legitimacy. The desire to signal wealth
through consumption depends on that wealth being viewed as legitimately
held, admiration of the display requiring acceptance that effort and ability
made it possible. Conspicuous consumption has traditionally been identified
with the deservingly upwardly mobile (Veblen 1994). So shopping’s symbolic
value is greatest in societies where wealth and power inequalities are seen as
justified, either by aristocracy that assigns high status by ‘‘natural’’ right, or
by meritocracy that assigns it by effort and achievement. Where superior
wealth is not so easily regarded as legitimate – through the sheer extent of its
superiority, or perception of theft, luck or inheritance in its acquisition – the
urge to display it can quickly subside. Luxury apartments lurk behind
crumbling tenement facades, and smart cars are kept for moonlit spins on
private roads.
Second, governments have taken over the worthier objects of individual
indulgence – notably the patronage of arts and scientific research, and the
duty of poverty relief. The state has also (with ‘‘Keynesian’’ help) usurped the
idle rich’s macroeconomic role, of stabilizing activity by consuming without
producing when an over-thrifty populace stays too far within its means to
furnish full-employment demand. Keynes (1936: 358), quoting Heckscher on
mercantilism, shows that economists as far back as the late sixteenth century
were finding intellectual justifications for ‘‘the deep-rooted belief in the utility
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of luxury and the evil of thrift’’. But Keynes shows earlier that involuntary
mass unemployment arises when those who can afford to save are too socially
detached from those who wish to accumulate (1936: Ch 6, 7); and is best cured
by public consumption or a ‘‘somewhat comprehensive’’ socialization of
investment. Such public cures restore the traditionally negative connotation
to private extravagance: as the squandering by the rich of resources which, if
invested instead, could expand productive capacity to the benefit of the poor.
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capital does not translate easily into cultural capital. Entrepreneurs have little
hope of becoming instant connoisseurs, when the very fact of having acquired
one’s wealth in the marketplace tends to deny it the authenticity of the
established elite.
The cultural capital held by ‘‘liberal arts’’ educated individuals, and the
social capital contained within their networks (Putnam 1995), form a
‘‘means of consumption’’ every bit as class-divided as the means of
production in more materialistic phases of capitalism. It is initially confined
to a small group with the financial resources and leisure-time to acquire
literacy, numeracy and the knowledge advantages that build on these. By
the time the wider community gains ownership of or access to the capital, it
has generally been drained of the characteristics or context which give it
value, and new forms have emerged over which the elite retains a near
monopoly. Accelerated accumulation of cultural capital, like that of the
commercial variety, leads to a drop in its rate of return. The value of
cultural products is largely determined beyond the authority of those who
consume them, just as that of commercial products is set beyond the
authority of those who produce them. Unavailability or inaccessibility to
the majority tends to raise the value assigned. ‘‘The symbolic profit arising
from material or symbolic appropriation of a work of art is measured by
the distinctive value which the work derives from the rarity of the
disposition and competence which it demands and which determines its
class distribution’’ (Bourdieu 1984: 229).
Conspicuous cultural consumers guard their privileged means of con-
sumption through the treatment of education and other appreciative aids as
‘‘merit goods’’, rationed by ability to use them: education to those with
‘‘academic’’ backgrounds, healthcare by existing ‘‘quality of life’’. Access
advantage can then be further reinforced by subsidizing merit goods
consumption. Even where cultural products become available and affordable
to all, sophisticated users can maintain their exclusivity by getting a better
view, or claiming to appreciate on a deeper level. Millions see world-touring
rock bands in concert, but only a subsection self-certifies its ability to grasp
the philosophy behind the lyrics, or classical allusions in the tune.
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paying for more than what they objectively receive. Critics complain at
prominent producers ‘‘thirstily soaking up cultural ideas and iconography
that their brands could reflect by projecting these ideas and images back
onto the culture as ‘extensions’ of their brands’’ (Klein 2000: 29). But paying
extra for the status associations woven round a brand is only what the
richest in society have always done. Once the consumption’s wider social
function is acknowledged, as not wholly negative, there is less clear ‘‘global
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producers cut prices to eliminate unsold stock. Branding has shown its
potential for wider and longer-lasting price stabilization than cartels, which
have only ever worked for a limited number of commodities whose
production and wholesaling can be kept highly concentrated. Instead of
trying to ban brands, fair trade protagonists might do better to help lower-
income producers acquire equity in them, as the more perceptive are already
working to do.
The virtues of thrift, identified when growth required investment out of
nations’ own saving, can be inverted when capital markets integrate
internationally. While lower-income nations must generally still finance their
own investment, as risks offset potentially higher returns (Hoogvelt 2001: 84 –
9), higher-income nations can spend all they earn and still accumulate. When
the resultant domestic market strength spurs and attracts capital inflows that
foot their investment bill, globalization further privileges indulgence over
abstinence. For at least the past two decades, new industrializers’ capital
surpluses have flowed abroad to finance twin American deficits. U.S. private
and public consumption, fuelled by widening household and federal budget
overstretch, may have staved off global overproduction, by offering both a
product market the new industrializers can profitably sell to and a capital
market they can safely invest the proceeds in (Eatwell and Taylor 2000: 131 –
5). Global underconsumption might be more fairly tackled by putting extra
money where hungry mouths are. But increased spending by the already
affluent, financed by increased self-denial by the still deprived, has always
been easier to justify economically than to modify politically. If the higher-
income hemisphere will not help narrow the global income gap by paying
taxes to fund public transfers, voluntary payment of a price premium that
funds private transfers may constitute the next best alternative.
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while its physical volume (of inputs and by-products) levels or even declines.
A move to symbolic consumption of goods suggests the refocusing on the
experience of scarce resources which respects the finitude of their stock, away
from expenditure which inevitably (and exhaustingly) treats them as a
continuous flow (Fromm 1979, Deffeyes 2001).
The potential for de-materialized production to defuse any conflict
between growth and the natural environment has been popularly outlined
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