Quotulatiousness

July 29, 2011

Boomer bashing: how the idea evolved

Filed under: Economics, History, Media — Tags: , , , , , , — Nicholas @ 10:20

Frank Furedi looks at the evolution of the “bash the boomers” meme, and how it differs from more traditional generational conflict:

Gone are the days when the baby boomers were perceived as the personification of a relaxed but enlightened 1960s live-and-let-live lifestyle.

This cohort of people, generally defined as those born between 1945 and 1965, are globally pathologised as the source of most forms of economic and environmental distress. Constantly accused of living way beyond their means, the baby boomers are blamed for depriving the young of opportunities for a good life. They are condemned for thoughtlessly destroying the environment through their mindless pursuit of material possessions and wealth, as well as resisting change, hanging on to their power and preventing the younger generations from progressing.

[. . .]

The idea that ‘it’s all their fault’ captures the intense sense of cultivated immaturity of the parent-basher. A sentiment that is usually associated with the intellectual universe of a truculent five-year-old is now embraced in earnest by biologically mature generational warriors. Paul Begala’s Esquire article ‘The Worst Generation’ captures this sense of uncontained resentment. ‘I hate the baby boomer’, he wrote, concluding that ‘they’re the most self-centred, self-seeking, self-interested, self-absorbed, self-indulgent, self-aggrandising generation in American history’.

[. . .]

The guilt-tripping of boomers is underwritten by an unusually philistine interpretation of the way society works. The 18th-century Malthusian obsessions about natural limits has been recycled as a warning to human ambition. From this standpoint, resources are fixed and the consumption of one generation reduces what’s available to the next. Accordingly, the flipside of boomer wealth is the poverty of the generations coming of age today. Catastrophic accounts of how young people have been deprived of opportunities for a comfortable life have fostered a cultural climate where the moral status of the elderly is continually questioned.

[. . .]

One of the most distinctive feature of the denunciation of the baby boomers is that it lacks any hint of a future-oriented idealism. It is principally driven by a sense of resentment against a generation that apparently had a really good time.

Instead of tackling the question of how to create a prosperous future, anti-boomers are more interested in gaining a larger slice of the wealth created in the past. Baby boomer self-indulgence pales into insignificance in comparison to the low horizons of their unambitious critics.

Never has the term ‘rebels without a cause’ had more meaning than today. At least Bazarov’s nihilism was in part motivated by the cause of ridding Russia of its feudal autocracy. Even the Lost Generation of the inter-war period were responding to a very real event that shaped their existence. Today’s anti-boomers are freed from the burden of a cause to fight for. As Tyler Durden remarked in the 1999 film Fight Club: ‘Our generation has had no Great Depression, no Great War’, before adding that ‘our depression is our lives’.

July 28, 2011

Is Breivik sane enough to prosecute?

Filed under: Europe, Law, Media — Tags: , , , , — Nicholas @ 12:20

Douglas Murray points out that Breivik’s actions even before the attacks would have marked him as insane:

Anders Behring Breivik believed himself a Knight Templar and awarded himself various military ranks accordingly. He also believed that he and other self-described Islamophobic racists had common cause with jihadis and that the USA has a Jewish problem. So even before he planted a car bomb in a civilian area and gunned down scores of young people, it would have been clear to anyone who bothered to question him that Breivik was insane.

Of course, no discussion of the Oslo massacre is complete without considering the media reaction:

But in the coverage since his atrocities first broke on to the world, two troubling tendencies have converged. The first is the search for reason in a mind that was clearly a stranger to it. The second is the tendency — particularly strong on the left — to use any horrific act as a megaphone for existing prejudices. In the aftermath of the shooting of Congresswoman Gabrielle Gifford in January, the left-wing media and politicians hunted for the right-wingers who they claimed had inspired the attack. That the gunman was not only a loner but a psychotic maniac was largely ignored as they rushed off excitedly to attack their ideological enemies. And so it is with Breivik.

For the past decade and more, every time an Islamist has blown something up, a chorus of voices — mainly from the left — has rightly said that ‘we shouldn’t jump to any conclusions’. But this time it was different. The Labour MP Tom Harris observed, with great frankness, that a ‘palpable relief that swept through the left when the identity of the terrorist was made known… Here, thank God, was a terrorist we can all hate without equivocation: white, Christian and far right-wing. Phew.’ So never mind not jumping to conclusions. When it seemed to emerge that, among many other things, the killer also claimed to be opposed to immigration and was fearful of Islam, that jump became a great leap towards group blame.

July 27, 2011

If you can persuade 10% that you’re right, you can win the argument

Filed under: Media, Politics, Science — Tags: — Nicholas @ 07:53

Ten percent of the population may be the tipping point for mass conversion to a new idea:

Scientists at Rensselaer Polytechnic Institute have found that when just 10 percent of the population holds an unshakable belief, their belief will always be adopted by the majority of the society. The scientists, who are members of the Social Cognitive Networks Academic Research Center (SCNARC) at Rensselaer, used computational and analytical methods to discover the tipping point where a minority belief becomes the majority opinion. The finding has implications for the study and influence of societal interactions ranging from the spread of innovations to the movement of political ideals.

“When the number of committed opinion holders is below 10 percent, there is no visible progress in the spread of ideas. It would literally take the amount of time comparable to the age of the universe for this size group to reach the majority,” said SCNARC Director Boleslaw Szymanski, the Claire and Roland Schmitt Distinguished Professor at Rensselaer. “Once that number grows above 10 percent, the idea spreads like flame.”

[. . .]

The researchers are now looking for partners within the social sciences and other fields to compare their computational models to historical examples. They are also looking to study how the percentage might change when input into a model where the society is polarized. Instead of simply holding one traditional view, the society would instead hold two opposing viewpoints. An example of this polarization would be Democrat versus Republican.

July 21, 2011

This is why the British media is wall-to-wall Murdochmania

Filed under: Britain, Law, Media — Tags: , , — Nicholas @ 09:28

Andrew Orlowski explains how the show trial of Rupert Murdoch has sucked the oxygen out of every other story in the British media:

For the past fortnight, TV and newspaper editors in the UK have pushed aside stories of famine and the European financial crisis — which is greater now than the credit crunch three years ago — in favour of saturation coverage of the troubles of a rival media company.

This rival has real troubles, to be sure, which I will not attempt to diminish. But the volume and intensity of coverage is defined by the real size and reach of News Corporation. And this is not reality, but a myth. Just as children want a Santa, so too do editors and Prime Ministers want a “Murdoch” that resembles the omniscient movie villain/myth Keyser Soze. They’ve defined themselves by this myth.

“Never again should we let a media group get too powerful,” PM David Cameron said today, tuning in to the editors’ mood music. But like so many politicians before him, and specifically the past two Prime Ministers, he has done everything he could to bolster the Murdoch Myth himself. For most of the past two decades, politicians have tugged their forelocks at the Aussie-born tycoon, increasing his perceived influence with each pull.

Haven’t they got the memo about Old Media being dead? Why are they so worried?

July 7, 2011

“Bodice-rippers” guilty of perverting women’s lives

Filed under: Books, Britain, Education, Health, Media — Tags: , , — Nicholas @ 13:00

Apparently, The Guardian thinks that women are weak-willed and easily (mis-)lead, especially when it comes to their sex lives:

Mills & Boon’s romance novels should come with a health warning, according to a report published in an academic journal.

Blaming romance novels for unprotected sex, unwanted pregnancies, unrealistic sexual expectations and relationship breakdowns, author and psychologist Susan Quilliam says that “what we see in our consulting rooms is more likely to be informed by Mills & Boon than by the Family Planning Association”, advising readers of the Journal of Family Planning and Reproductive Health Care that “sometimes the kindest and wisest thing we can do for our clients is to encourage them to put down the books — and pick up reality”.

Her comments follow a recent claim that romance novels can “dangerously unbalance” their readers, with Christian psychologist Dr Juli Slattery saying she was seeing “more and more women who are clinically addicted to romantic books”, and that “for many women, these novels really do promote dissatisfaction with their real relationships”.

June 22, 2011

“Medicalizing” bad behaviour to avoid guilt

Filed under: Health, Media — Tags: , , — Nicholas @ 12:09

Frank Furedi looks at a disturbing ongoing phenomenon in western society: the “medicalization” of bad behaviour:

The rebranding of promiscuity as sex addiction is not confined to Britain. Throughout Europe and the US the numbers of sex addicts is said to be on the rise. Anthony Weiner has recently been diagnosed — by the media and self-styled experts at least — as a ‘sex addict’. Following the revelation that he sent rude pictures of himself to various women online, Weiner has been widely depicted as a sick man. ‘He needs treatment’, one expert told the Associated Press, because apparently, without help, ‘sex addicts’ can go ‘completely out of control and destroy their lives’.

[. . .]

Lust, infidelity, betrayal and the drive for sexual domination have always presented a challenge to a society’s grammar of morality. However, the contemporary conflation of a bad habit with a medical problem is symptomatic of the difficulty that Western societies now have in making moral judgments about human behaviour. Sometimes, even people who claim to possess religious convictions find it difficult to ascribe guilt to immoral behaviour. That is why behaviour that was once denounced as sinful is now increasingly discussed through the language of therapy rather than the language of morality.

[. . .]

The problem with this recycling of bad habits and degrading behaviour as medical problems is not simply that it fails to hold people to account for the choices they make and the consequences that their actions have. Yes, a lot of people — including celebrities such as Keith Urban, Tiger Woods, Michael Douglas and Lindsay Lohan — can present themselves as victims of an addiction rather than as lecherous and self-regarding individuals.

But the real problem is the message that this diseasing of human behaviour sends to all of us. The fashionable label of ‘addictive personality’ encourages people to acquiesce to their worst instincts in a quite fatalistic way. Addicts are portrayed as victims of circumstances beyond their control: they are literally counselled to accept powerlessness as the defining feature of their existences. Sexaholics Anonymous mimics the 12-step approach of Alcoholics Anonymous. The first step that a sex addict takes on the road to sexual sobriety is to admit that ‘we were powerless over lust’.

June 15, 2011

Fight that natural urge to (over-) protect your children

Filed under: Health — Tags: , , , — Nicholas @ 12:39

An interesting article by Lori Gottlieb on the perils of over-protective parenting styles:

Dan Kindlon, a child psychologist and lecturer at Harvard, warns against what he calls our “discomfort with discomfort” in his book Too Much of a Good Thing: Raising Children of Character in an Indulgent Age. If kids can’t experience painful feelings, Kindlon told me when I called him not long ago, they won’t develop “psychological immunity.”

“It’s like the way our body’s immune system develops,” he explained. “You have to be exposed to pathogens, or your body won’t know how to respond to an attack. Kids also need exposure to discomfort, failure, and struggle. I know parents who call up the school to complain if their kid doesn’t get to be in the school play or make the cut for the baseball team. I know of one kid who said that he didn’t like another kid in the carpool, so instead of having their child learn to tolerate the other kid, they offered to drive him to school themselves. By the time they’re teenagers, they have no experience with hardship. Civilization is about adapting to less-than-perfect situations, yet parents often have this instantaneous reaction to unpleasantness, which is ‘I can fix this.’”

Wendy Mogel is a clinical psychologist in Los Angeles who, after the publication of her book The Blessing of a Skinned Knee a decade ago, became an adviser to schools all over the country. When I talked to her this spring, she said that over the past few years, college deans have reported receiving growing numbers of incoming freshmen they’ve dubbed “teacups” because they’re so fragile that they break down anytime things don’t go their way. “Well-intentioned parents have been metabolizing their anxiety for them their entire childhoods,” Mogel said of these kids, “so they don’t know how to deal with it when they grow up.”

Oh, and for those of you who regularly utter phrases like “Good job, buddy!” every time your kid manages to do something trivial, you can just knock that right off:

A few months ago, I called up Jean Twenge, a co-author of The Narcissism Epidemic and professor of psychology at San Diego State University, who has written extensively about narcissism and self-esteem. She told me she wasn’t surprised that some of my patients reported having very happy childhoods but felt dissatisfied and lost as adults. When ego-boosting parents exclaim “Great job!” not just the first time a young child puts on his shoes but every single morning he does this, the child learns to feel that everything he does is special. Likewise, if the kid participates in activities where he gets stickers for “good tries,” he never gets negative feedback on his performance. (All failures are reframed as “good tries.”) According to Twenge, indicators of self-esteem have risen consistently since the 1980s among middle-school, high-school, and college students. But, she says, what starts off as healthy self-esteem can quickly morph into an inflated view of oneself—a self-absorption and sense of entitlement that looks a lot like narcissism. In fact, rates of narcissism among college students have increased right along with self-esteem.

Meanwhile, rates of anxiety and depression have also risen in tandem with self-esteem. Why is this? “Narcissists are happy when they’re younger, because they’re the center of the universe,” Twenge explains. “Their parents act like their servants, shuttling them to any activity they choose and catering to their every desire. Parents are constantly telling their children how special and talented they are. This gives them an inflated view of their specialness compared to other human beings. Instead of feeling good about themselves, they feel better than everyone else.”

June 1, 2011

QotD: “Gender-free parenting”

Filed under: Humour, Quotations — Tags: , , — Nicholas @ 13:25

Earlier this month, the Toronto Star published a story called “Footloose and gender-free,” which sympathetically profiled a young couple trying to raise a child in a completely gender-neutral environment — so gender-neutral that the mother and father won’t even tell people outside the family whether Storm, their four-month-old child, is a boy or girl. “If you really want to get to know someone, you don’t ask what’s between their legs,” says David Stocker, the child’s father.

I wish this well-meaning fellow could have attended my 7-year-old daughter’s birthday party at a pottery and painting studio last week. There, he would have seen 10 little girls, all of them sitting quietly at a table, studiously creating beautiful little masterpieces. The boys, meanwhile, took about 30 seconds to slop some paint onto a ceramic dinosaur or car — and then spent the next hour chasing each other around the facility, occasionally hauling one another to the ground so they could act out professional wrestling moves they’d seen on Youtube.

Not that the boys weren’t “creative.” One of them had been given a cheap video camera from his parents, and spent 10 minutes taking footage of the (unoccupied) toilet in the studio bathroom. This pint-sized Truffaut had a cheering section: The boys assembled around him found the documentary project to be the most hilarious thing in the world, and some became literally incontinent with laughter (ironic, no?) as they took turns passing the camcorder from hand to hand watching and re-watching the footage. Occasionally, the girls would look over at the boys — much as well-dressed diners in a fancy restaurant might gaze out a window to watch hobos fighting over a liquor bottle in an alley — and then sighed and returned to their artistic labours.

As any (normal) parent can attest, such vignettes are entirely typical of parties featuring young boys and girls — who generally are so different in their behavior as almost to compose different species. Stocker is entirely wrong: There is no other single datum of information about a young child that will tell you more about his or her temperament, interests, energy level and maturity level than his or her sex.

Jonathan Kay, “Take it from me — ‘gender-free’ parenting doesn’t work”, National Post, 2011-06-01

May 25, 2011

How to analyze bubbles and crashes

Filed under: Books, China, Economics, History, Media — Tags: , , — Nicholas @ 07:06

Warren C. Gibson reviews Boombustology by Vikram Mansharamani, which looks at the boom and bust pattern frequently seen in economics, with special emphasis on China:

The author’s macro lens includes Austrian business cycle theory. That theory says inflation of the money supply causes a drop in interest rates, which is misinterpreted as an increased aggregate preference for saving over consumption, leading to investments in more roundabout means of production. When it becomes clear that there has been no such preference shift, these undertakings are seen to be at least partial mistakes, requiring write-offs and retrenchment — a bust. The boom is the problem, not the bust, which is the market’s attempt to realign itself to the realities of time preference. Austrian business cycle theory has great merit but leaves some things unexplained.

Mansharamani’s micro lens includes the concept of reflexivity. Market participants don’t just observe prices but also influence them. Reflexive dynamics occasionally give rise to instabilities in which rising prices lead to increased demand. A simpler term would be a “bandwagon effect.” I recall an office party in 1980 where one of the secretaries asked about buying gold — precisely at the peak, as it turned out. All she knew about gold was that it was way up and therefore must be going higher. I should have realized that when you see financially unsophisticated people like her climbing on a bandwagon, you can be pretty sure there’s no one left to sell to and nowhere for prices to go but down, which is where gold and silver prices went in 1980, and in a big hurry.

From psychology Dr. M. borrows ideas and data about cognitive biases. For example, subjects asked to guess some bland statistic, like the number of African countries that belong to the UN, are influenced by the spin of a wheel of fortune: When the wheel lands on a high number, they guess higher. He translates this and a dozen other cognitive biases into irrational market behavior that can foster booms and busts.

He introduces his biology lens with an analogy to the spread of an infectious disease. When the prevalence of a disease reaches a high level, the infection rate necessarily slows and the disease begins to wane, just like the 1980 gold market. But it is devilishly difficult to “inoculate” oneself against infectious ideas. Individual investors who can do so have a decent chance to beat the market averages over time, I believe. (Those who would pursue these ideas in greater depth would do well to find James Dines’s quirky and expensive but worthwhile book, Mass Psychology.)

Governments don’t have the power to prevent booms and busts — but they sure do have the ability (and too often, the will) to extend booms as long as possible, which only makes the necessary correction that much more painful.

May 17, 2011

The Freakonomics approach to sexual research

Filed under: Economics, Randomness, Science — Tags: , , , , , — Nicholas @ 11:56

Inspired by the Freakonomics team and their “let the data lead the way” methods, Ogi Ogas and Sai Gaddam talk about their new book A Billion Wicked Thoughts: What the World’s Largest Experiment Reveals About Human Desire:

Since we’ve written a book offering new ideas about a very intimate and politicized subject — sexual desire — you may be wondering about our identities and ideologies. We’re both heterosexual males. Ogi is 40 and half-Latino, Sai is 30 and all Indian. We kicked off our controversial research project with one overriding principle partially inspired by Freakonomics: no agenda, no ideology, just follow the data wherever it leads.

And the data led us to some very strange places. Here are some of our findings: heterosexual men like shemale porn, large-penis porn, and fantasies of their wives sleeping with other men. Gay male sexuality is almost identical to straight male sexuality. Women prefer stories to visuals, though women who do prefer visuals tend to have a higher sex drive, exhibit greater social aggression, and are more comfortable taking risks. Men prefer overweight women to underweight women. Heterosexual women like stories about two masculine men sharing their tender side and having sex. Porn featuring women in their 40s, 50s, and 60s is popular among men both young and old. For women, online erotica is often a social enterprise, while for men it’s almost always a solitary one. Most men are wired to be aroused by sexual dominance and most women are wired to be aroused by sexual submission, though a large minority of straight men (and a majority of gay men) prefer the sexually submissive role, and a small minority of women prefer the sexually dominant role.

They then answer a series of questions posed by Freakonomics readers, some of which are quite hostile in tone.

May 13, 2011

Iatrogenic gullibility?

Filed under: Randomness — Tags: , , , , — Nicholas @ 12:20

Bruce Schneier summarizes a report that is either a very late April Fool story or proof that the sight of a white coat and stethescope induces compliant behaviour:

This is a pretty scary criminal tactic from Turkey. Burglars dress up as doctors, and ring doorbells handing out pills under some pretense or another. They’re actually powerful sedatives, and when people take them they pass out, and the burglars can ransack the house.

According to the article, when the police tried the same trick with placebos, they got an 86% compliance rate.

The linked report shows that people are nearly as likely to open the door when the caller claims to be a robber.

May 12, 2011

“It should have been called The Cell”

Filed under: Economics, Environment — Tags: , , , — Nicholas @ 12:30

That’s Rob Lyons and he’s talking about an eco-residence called The Cube:

I think estate agents would refer to it as ‘compact and bijou’. It’s The Cube, the eco-home that’s showing just what sustainable living is all about. It should have been called The Cell.

The tiny house, which was on show at April’s Edinburgh Science Festival and is the brainchild of Dr Mike Page of the University of Hertfordshire, has an internal footprint of just three metres by three metres, yet has all the modern conveniences. There’s a tiny lounge with a flat-panel TV. If you want to dine with a friend, you need to swap half the sofa round with the sliding table. On the next level — reachable by a staircase so tiny that there’s only enough room for one foot at a time — you’ll find the composting toilet, the walk-in shower and the kitchen. (Is that even legal?) From there, you can clamber into the narrow bed, which could only accommodate two people if they both happen to be skinny vegans who don’t suffer from claustrophobia.

Everything is extremely well-insulated, including triple-glazed windows. Heat is provided by a heat-pump attached to the outside wall while electricity is generated through solar panels on the roof. Of course, they won’t work during the night, but you’ll have made so much money flogging electricity to the grid during the day — thanks to the insane prices at which electricity companies are obliged to buy micro-generated power — that you could actually earn £1000 per year.

All this could be yours for £50,000, assuming you’ve got some land to stick it on and you’re prepared to live in such cramped conditions. Considering you could buy a far larger luxury caravan with better facilities for less money (though not so well insulated), you may wonder why you would bother. But Page isn’t really interested in building eco-homes; in fact, he’s a psychologist. What he’s really interested in is why there is no demand for such eco-living, given that we now have lots of technology available to reduce our ‘impact’ — our ‘ecological footprint’.

May 11, 2011

QotD: The instinctive reaction to progress

Filed under: Humour, Media, Quotations, Technology — Tags: , , — Nicholas @ 12:39

I suppose earlier generations had to sit through all this huffing and puffing with the invention of television, the phone, cinema, radio, the car, the bicycle, printing, the wheel and so on, but you would think we would learn the way these things work, which is this:

1) everything that’s already in the world when you’re born is just normal;

2) anything that gets invented between then and before you turn thirty is incredibly exciting and creative and with any luck you can make a career out of it;

3) anything that gets invented after you’re thirty is against the natural order of things and the beginning of the end of civilisation as we know it until it’s been around for about ten years when it gradually turns out to be alright really.

Apply this list to movies, rock music, word processors and mobile phones to work out how old you are.

Douglas Adams, “How to Stop Worrying and Learn to Love the Internet”, Sunday Times, 1999-08-29

May 6, 2011

“Reasoning is a non-violent weapon given to us by evolution to help us get our way”

Filed under: Science — Tags: , , , — Nicholas @ 09:59

Remember that old saw about it being impossible to reason someone out of an opinion they were never reasoned into? Ian Leslie looks at a new paper about the function of reasoning:

This is a widespread habit, of course, and one we might notice in ourselves in other contexts. Whether it’s relationships or politics or the workplace, we have a tendency to start off with we want and then reason backwards towards it; to cloak our true motivations or prejudices in the guise of reason. It’s been shown again and again in studies that we have a very strong ‘confirmation bias’; once we have an idea about the world we like (Obama is un-American, my girlfriend is cheating on me, the world is or isn’t getting warmer) we pick up on evidence we think supports our hypothesis and ruthlessly disregard evidence that undermines it, even without realising we’re doing so.

[. . .]

We tend to think of reason as an abstract, truth-seeking method that gets contaminated by our desires and motivations. But the paper argues it’s the other way around — that reasoning is a non-violent weapon given to us by evolution to help us get our way. Its capacity to help us get to the truth about things is a by-product, albeit a hugely important one. In many ways, reasoning does as much to screw us up as it does to help us. The paper’s authors, Dan Sperber and Hugo Mercier, put it like this:

The evidence reviewed here shows not only that reasoning falls quite short of reliably delivering rational beliefs and rational decisions. It may even be, in a variety of cases, detrimental to rationality. Reasoning can lead to poor outcomes, not because humans are bad at it, but because they systematically strive for arguments that justify their beliefs or their actions. This explains the confirmation bias, motivated reasoning, and reason-based choice, among other things.

H/T to Tim Harford for the link.

April 14, 2011

More proof that you shouldn’t over-pay for wine

Filed under: Britain, Randomness, Wine — Tags: — Nicholas @ 08:58

I’ve discussed this before, but here’s another report on cheap versus expensive wine for the average person:

An expensive wine may well have a full body, a delicate nose and good legs, but the odds are your brain will never know.

A survey of hundreds of drinkers found that on average people could tell good wine from plonk no more often than if they had simply guessed.

In the blind taste test, 578 people commented on a variety of red and white wines ranging from a £3.49 bottle of Claret to a £29.99 bottle of champagne. The researchers categorised inexpensive wines as costing £5 and less, while expensive bottles were £10 and more.

The study found that people correctly distinguished between cheap and expensive white wines only 53% of the time, and only 47% of the time for red wines. The overall result suggests a 50:50 chance of identifying a wine as expensive or cheap based on taste alone — the same odds as flipping a coin.

While a more wine-oriented group of testers would probably do better, they’d do better in the sense of determining which of two similar wines was the more expensive — but not necessarily a lot better. We’re in a golden age for wine, as more and more producers of inexpensive wines adopt better techniques and equipment for even their vin extremely ordinaire.

Wine isn’t a simple product: people buy wine for lots of different reasons, and one of those reasons is to signal higher social status by buying more expensive wine. As you get above a certain price level, the quality increases more slowly but the “prestige” makes up the difference (for those interested in the social signalling, anyway).

I’ve discovered that my palate isn’t highly developed enough to detect and appreciate the additional quality that a $100 bottle of wine is supposed to display over a $40-$50 bottle. It may be that I lack the ability to discriminate sufficiently between the two . . . or it may be that the primary difference is in the “prestige” and not in the palate.

Earlier discussion of this topic here.

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