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China is making luxury goods available to the world, but at what cost? (www.ft.com)
submitted 1 month ago by yogthos@lemmygrad.ml to c/worldnews@lemmygrad.ml
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[-] davel@lemmygrad.ml 6 points 1 month ago

Luxury good deflation shifts the Veblen window because class signifiers must go on.

this post was submitted on 28 Dec 2025
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