Local Rhythms - The New Gilded Age
May 23, 2007A little over 100 years ago, Thorstein Veblen published “A Theory of the Leisure Class,” and introduced a new term to the popular lexicon. “Conspicuous consumption,” wrote Veblen, happens when rich people spend their money simply to get attention.
That pretty much sums up the big concert market, where idiots routinely drop 500 bucks on [...]