wealth redistribution

2 posts

Can we 'redistribute' prestige?

May 7, 2023 2 min read

Pudding.cool has a good visual essay on the yard-sale model of economics, which shows that wealth has a tendency to accumulate more in the hands of people who are already wealthier. This is because a…

Veblen cars and useless concerns for the climate

Feb 2, 2018 2 min read

Science accessibility affordability capital accumulation climate change electric-hybrid engine hybrid vehicles Lexus lithium-ion battery LS 500h private transport public transport Veblen goods wealth redistribution wealth signalling

Lexus has an ad on the jacket of today's The Hindu for its new premium hybrid electric vehicle, the LS 500h. The product description states that the car "extends relentless innovation to envi…