Rob Henderson on Foster Care, Social Class and the New American Elite
The Good Fight
Luxury Beliefs as Expressions of Cultural Capital
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.
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