Veblen Good/Quit Social Media/How Companies Make You Pay Endlessly Dear all A Veblen Good is a type of product that people demand more of as its price💰 increases, due to the product's perceived status and exclusivity. The phenomenon is named after economist Thorstein Veblen, who observed it in his book "The Theory of the Leisure Class". Photo by Tiger Ellis Oatley-Summers on Unsplash Here are 7 examples of Veblen goods: Luxury cars: High-end car brands like Lamborghini and Ferrari are Veblen goods because the higher the price, the more desirable they become due to their exclusivity and perceived social status. Jewelry: Diamond and other luxury jewelry are often Veblen goods, as their high prices can signal wealth and exclusivity. Designer clothing: High-end fashion brands like Gucci and Louis Vuitton are often Veblen goods, as their high prices signal status and exclusivity. Fine art: Famous and expensive works of art can become Veblen goods, as their price can signal status and exclusivity among wealthy collectors. Real estate: Luxury homes and apartments in exclusive neighborhoods can be considered Veblen goods, as their high prices can signal status and exclusivity. Private jets: Owning a private jet is a status symbol, and the more expensive the jet, the more exclusive it becomes. Premium alcoholic beverages: High-priced alcoholic beverages like vintage wines and rare whiskies can become Veblen goods due to their perceived exclusivity and status. **One Video I Enjoyed** Why one should not have a social media account? Dr Cal Newport gave this wonderful talk. YouTube Video🎥 Link >> Click Here **Two Tweets I Enjoyed and Liked** 16 Unspoken Rules For Men. https://twitter.com/WiseMenMastery/status/1641847213256232961 Twitter Link 🐦 >> Click Here How to avoid burnout. Keep your sleep debt in check: https://twitter.com/matt_gray_/status/1622224066630352897 Twitter Link 🐦>> Click Here **Three New Websites I Enjoyed and Liked** Lull yourself to sleep with the soothing white noise of your favorite tech giant's terms of service. Close your eyes, drift away, or scroll down to join the 1% of technology users that claim to have read em' from beginning to end. https://www.zzzuckerberg.com/ www.zzzuckerberg.com This is one of the longest running chemistry webpages on the internet. Each month since January 1996 a new molecule has been added to the list on this page. https://www.chm.bris.ac.uk/motm/motm.htm https://www.chm.bris.ac.uk/motm/motm.htm Air Pollution in World: Real-time Air Quality Index Visual Map. https://aqicn.org/map/world/ https://aqicn.org/map/world/ **Three Quotes and Phrases I Liked** "Difficulties come not to obstruct, but to instruct." "Creativity may be the last unfair advantage we're legally allowed to take over our competitors."— Bill Bernbach "All creativity is inspired by other people's ideas. The faster you embrace that, the more successful you can be as a creative." **Two Write Ups I Enjoyed and Liked** Companies are using sneaky software and legal tricks to make you endlessly pay for stuff you already bought. https://www.businessinsider.in/policy/economy/news/companies-are-radically-redefining-what-it-means-to-own-something/articleshow/100330098.cms Why babies babble, and what it can teach adults about language. https://www.npr.org/2023/07/25/1189989603/bilingual-kids-speech-development **One Photo I Enjoyed and Liked** Sources: Wikipedia, Twitter, superconductors.org LK-99: The First Room-Temperature Ambient-Pressure Superconductor Read More: https://arxiv.org/abs/2307.12008 **An Amazing/Weird/ Useful Product** OnePlus Nord 3 5G Buy it from here by copy pasting the below link 👇 in your browser:» https://www.amazon.in/dp/B0C7V7VH6Q/ref=cm_sw_r_as_gl_apa_gl_i_PMHRRSK7GRR4BSR9B6T0?linkCode=ml1&tag=wwwwebnetdiar-21 Amazon Affiliate Link>>Buy Here Thanks Xoxo