Competition for Status Is a Given

Tyler Cowen says, "The only way to lower the total amount of these status games is to...umm...lower real gdp.  Which is not a good idea."

Not only is this not a good idea, but it doesn't even work. Even if the government could somehow ensure that everyone had the same income and the same sum in the bank, people would find other dimensions on which to compete for status. That there will be competition for status is a given; the only question is what form it will take. In primitive societies it often took the form of combat. In modern market economies it usually takes the form of wealth generation. I know which form I prefer.

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