Thorstein Veblen found that the wealthy leisure class of the late 1800s established their social position through

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Thorstein Veblen's theory of conspicuous consumption argues that the wealthy demonstrate their social position through the display of ostentatious and expensive goods and lifestyles. This means that they use their wealth to "conspicuously" display their status, making luxury goods a way to demonstrate their social class. This is in contrast to other methods like political intrigue or controlling the media.

Thorstein Veblen Found That the Wealthy Leisure Class of the Late