Value Transference: Things vs. People
5th August 2016
Lion of the Blogosphere explains it all to you.
Thorstein Veblen explained that the more prestigious classes manipulate people while the less prestigious classes manipulate things. Thorstein Veblen called the prestigious class the “leisure class” because they didn’t have to do any unprestigious work. They are very similar to what I would call the value transference class, as the leisure class let other people do the boring value creation work, and transferred the wealth created to themselves so they could do more prestigious stuff with their lives.
In modern society, there are now three levels of prestige….