Environmental groups charge that the oil industry blocks the manufacture and development of fully electric cars.Veblen would call this an example of:

Question

Quizplus · Accepted Answer

Veblen argued that the wealthy elite who controlled industry and financial enterprises use their power to maintain their privileged status and thwart the development of new technologies that would threaten their vested interests. Therefore, the oil industry's opposition to fully electric cars can be seen as an example of vested interests at play.

Environmental Groups Charge That the Oil Industry Blocks the Manufacture