Bennett

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The culture industry certainly promotes the idea of a meritocratic market: good things rise, bad ones fall. But so many consumers adopt based on status value rather than any intrinsic qualities. Majorities seem to be satisficing when it comes to their consumer choices—settling on things they find satisfactory but not ideal.
Status and Culture: How Our Desire for Social Rank Creates Taste, Identity, Art, Fashion, and Constant Change
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