Luxury Beliefs as Expressions of Cultural Capital

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Luxury beliefs have largely replaced luxury goods in signaling status and prestige, representing a new form of cultural capital. Wealthy individuals convert their economic capital into cultural capital through intricate knowledge of art, wine, literature, and rarefied domains, signaling access to exclusive information and the ability to communicate it effectively. Expressing luxury beliefs signifies access to expensive education, the time to engage with sophisticated ideas, and association with social circles that engage with avant-garde concepts.

Yascha Mounk and Rob Henderson discuss his journey from poverty to the Ivy League—and how it has shaped his view of America.

Rob Henderson is a writer and author of Rob Henderson’s Newsletter. His forthcoming book, Troubled: A Memoir of Foster Care, Family, and Social Class, will be released next month.

In this week’s conversation, Yascha Mounk and Rob Henderson discuss the importance of a stable family for children; the concept of “luxury beliefs”; and why some things are more important than social mobility.

This transcript has been condensed and lightly edited for clarity.

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