The Theory of the Leisure Class by Thorstein Veblen (phonics readers TXT) 📕
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1899 was the tail end of the Gilded Age, a time in America of rapid economic expansion that caused a select few to become ultra-wealthy, while millions of commoners struggled in abject poverty. It was against this backdrop that Veblen, an economist and sociologist at the University of Chicago, wrote The Theory of the Leisure Class, a book that brought the phrase “conspicuous consumption” into the modern vocabulary.
Veblen’s thesis centers on the definition of what he calls the “leisure class,” the upper social class consisting of wealthy individuals who are socially exempt from productive work. Their work instead becomes what he calls “conspicuous consumption”: spending their wealth in increasingly ostentatious ways in order to preserve their class status. Meanwhile, the lower and middle classes are the ones actually engaged in work that is productive to society—manufacturing and industry—with the goal of eventually being able to emulate the social status afforded by the conspicuous consumption of their leisure class masters.
Along the way, Veblen links these behaviors with social strictures left over from feudal society, arguing that contemporary human society has not evolved far beyond our medieval peasant-and-lord forefathers. In those ancient societies, productive labor came to be viewed as disreputable and dirty; thus, status is won not by accumulating wealth, but by displaying the evidence of wealth. He argues that many of what some would consider society’s ills are linked to this fundamental concept: for example, the mistreatment of women—forcing them into constricting clothing, preventing them from participating in independent economic life—is a way for their husbands to show off their unemployed status as a kind of conspicuous leisure; or society’s obsession with sports, celebrity, and organized religion, all forms of conspicuous leisure that bring no productive benefit to society, and on the contrary waste time and resources, but whose practitioners—superstars and clergy—maintain a high social status.
Though it was written over a hundred years ago when industrial society was just getting its footing, Veblen’s thesis predicts much of the social stratification we recognize today. Practical labor continues to be viewed as basically demeaning, while people struggle in vain to chase a glimmer of the vast wealth that celebrities, investors, bankers, hedge fund managers, and C-suite dwellers—the conspicuously-consuming leisure class of today—openly flaunt. As such, The Theory of the Leisure Class might be one of the most prescient and influential books of economic and social science of the 20th century.
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- Author: Thorstein Veblen
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In further qualification it is to be noted that the leisure class of today is recruited from those who have been successful in a pecuniary way, and who, therefore, are presumably endowed with more than an even complement of the predatory traits. Entrance into the leisure class lies through the pecuniary employments, and these employments, by selection and adaptation, act to admit to the upper levels only those lines of descent that are pecuniarily fit to survive under the predatory test. And so soon as a case of reversion to non-predatory human nature shows itself on these upper levels, it is commonly weeded out and thrown back to the lower pecuniary levels. In order to hold its place in the class, a stock must have the pecuniary temperament; otherwise its fortune would be dissipated and it would presently lose caste. Instances of this kind are sufficiently frequent. The constituency of the leisure class is kept up by a continual selective process, whereby the individuals and lines of descent that are eminently fitted for an aggressive pecuniary competition are withdrawn from the lower classes. In order to reach the upper levels the aspirant must have, not only a fair average complement of the pecuniary aptitudes, but he must have these gifts in such an eminent degree as to overcome very material difficulties that stand in the way of his ascent. Barring accidents, the nouveaux arrivés are a picked body.
This process of selective admission has, of course, always been going on; ever since the fashion of pecuniary emulation set in—which is much the same as saying, ever since the institution of a leisure class was first installed. But the precise ground of selection has not always been the same, and the selective process has therefore not always given the same results. In the early barbarian, or predatory stage proper, the test of fitness was prowess, in the naive sense of the word. To gain entrance to the class, the candidate had to be gifted with clannishness, massiveness, ferocity, unscrupulousness, and tenacity of purpose. These were the qualities that counted toward the accumulation and continued tenure of wealth. The economic basis of the leisure class, then as later, was the possession of wealth; but the methods of accumulating wealth, and the gifts required for holding it, have changed in some degree since the early days of the predatory culture. In consequence of the selective process the dominant traits of the early barbarian leisure class were bold aggression, an alert sense of status, and a free resort to fraud. The members of the class held their place by tenure of prowess. In the later barbarian culture society attained settled methods of acquisition and possession under the quasi-peaceable regime of status. Simple aggression and unrestrained violence in great measure gave place to shrewd practice and chicanery, as the best approved method of accumulating wealth. A different range of aptitudes and propensities would then be conserved in the leisure class. Masterful aggression, and the correlative massiveness, together with a ruthlessly consistent sense of status, would still count among the most splendid traits of the class. These have remained in our traditions as the typical “aristocratic virtues.” But with these were associated an increasing complement of the less obtrusive pecuniary virtues; such as providence, prudence, and chicanery. As time has gone on, and the modern peaceable stage of pecuniary culture has been approached, the last-named range of aptitudes and habits has gained in relative effectiveness for pecuniary ends, and they have counted for relatively more in the selective process under which admission is gained and place is held in the leisure class.
The ground of selection has changed, until the aptitudes which now qualify for admission to the class are the pecuniary aptitudes only. What remains of the predatory barbarian traits is the tenacity of purpose or consistency of aim which distinguished the successful predatory barbarian from the peaceable savage whom he supplanted. But this trait can not be said characteristically to distinguish the pecuniarily successful upper-class man from the rank and file of the industrial classes. The training and the selection to which the latter are exposed in modern industrial life give a similarly decisive weight to this trait. Tenacity of purpose may rather be said to distinguish both these classes from two others; the shiftless ne’er do-well and the lower-class delinquent. In point of natural endowment the pecuniary man compares with the delinquent in much the same way as the industrial man compares with the good-natured shiftless dependent. The ideal pecuniary man is like the ideal delinquent in his unscrupulous conversion of goods and persons to his own ends, and in a callous disregard of the feelings and wishes of others and of the remoter effects of his actions; but he is unlike him in possessing a keener sense of status, and in working more consistently and farsightedly to a remoter end. The kinship of the two types of temperament is further shown in a proclivity to “sport” and gambling, and a relish of aimless emulation. The ideal pecuniary man also shows a curious kinship with the delinquent in one of the concomitant variations of the predatory human nature. The delinquent is very commonly of a superstitious habit of mind; he is a great believer in luck, spells, divination and destiny, and in omens and shamanistic ceremony. Where circumstances are favorable, this
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