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Explore The Higher the Price, the More You Want It — That's Not a Bug with 151 views, 11 likes, and 0 comments. Experience the impact of this video content that has captured audience attention.

DESCRIPTION: In 2017, Burberry destroyed $37 million worth of its own merchandise. Not an accident — a deliberate strategy to protect scarcity and status. This is the world of Veblen Goods, where demand increases as price rises, defying every principle of normal economics. From Thorstein Veblen's theory of conspicuous consumption to peacock signaling to the rise of quiet luxury, this video decodes the status economy that operates invisibly everywhere around you. 👇 Don't forget to SUBSCRIBE to Guru Stickman for new animated videos every week! https://www.youtube.com/@Guru_Stickman?sub_confirmation=1 ⚠️DISCLAIMER: I am only the author of the content. This video is based on scientific research but is intended for educational and entertainment purposes only. ⏱️ CHAPTERS: 0:00 - Intro: Burberry burns $37 million 1:07 - Veblen goods & the inverted demand curve 2:33 - Thorstein Veblen & conspicuous consumption 3:57 - Evolutionary basis: peacock signaling 5:05 - Modern status landscape 8:05 - Social media amplification of status signaling 12:26 - Counter-signaling & quiet luxury 🧠 ABOUT GURU STICKMAN: Welcome to Guru Stickman! We explore the fascinating world of behavioral economics, consumer psychology, and the hidden mechanisms behind our everyday decisions. Through original 2D animation, we decode why humans act so illogically with their money, time, and choices. New videos drop TWICE a week! Hit the bell icon so you never miss an upload. 🔔 #behavioraleconomics #gurustickman #psychology #consumerbehavior #decisionmaking #veblengoods #statuseconomy

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