Conspicuous consumption has replaced the Protestant ethic in most industrialized nations.

Name: Conspicuous consumption has replaced the Protestant ethic in most industrialized nations.
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Conspicuous consumption, which is the act of buying and displaying luxury goods to flaunt one's wealth, has become more valued than the Protestant ethic, which emphasizes hard work, frugality, and the accumulation of wealth for moral reasons. This shift has been observed in many industrialized nations.

Conspicuous Consumption Has Replaced the Protestant Ethic in Most Industrialized