Let me turn the jargonator on. My brain is a bit hyperactive from cigarette deprivation.
Over dinner last night, the conversation with Caffeine Sparks, MLQ3 and JV Rufino ended up on a discussion on the “resurgence” of John Kenneth Galbraith. Back in college, I borrowed a yellowing copy of Galbraith’s The Affluent Society for reading purposes (I didn’t read a lot of fiction), and was rather intrigued that nobody read the book since it was last borrowed somewhere in 1982. From what I can remember of Galbraith: poverty, inequalities, and income disparities in the United States after World War II banks on the conventional wisdom of the haves and the have-nots. The rich grow richer in the private sector, and this stands in stark contrast of the poverty of the public sector.
If my memory serves me right, it was Galbraith who (re-)introduced the world to the ideas of Thorstein Veblen’s “leisure class.” While no economist worth his or her own salt will be caught dead invoking ideas like “conspicuous consumption” or “barbarism” today, it does make you think; if there’s any good explanation for Starbucks and window-shopping, you have to read Veblen.
So what seems to be a “so last century” study and “obsolete” explanation of social inequalities, what has been relegated to the back rows of libraries, is now becoming vogue. This is interesting…




