Vaniver comments on The curse of identity - LessWrong
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For one, status-seeking is a zero sum game and only indirectly causes overall gains. The world would be a much better place if people actually cared about things like saving the world or even helping others, and put a little thought to it.
Also, mismatches between our consciously-held goals and our behavior cause plenty of frustration and unhappiness, like in the case of the person who keeps stressing out because their studies don't progress.
If I actually cared about saving the world and about conserving my resources, it seems like I would choose some rate of world-saving A.
If I actually cared about saving the world, about conserving my resources, and the opinion of my peers, it seems like I would choose some rate of world-saving B. For reasonable scenarios, B would be greater than A because I can also get respect from my peers, and when you raise demand and keep supply constant quantity supplied increases.
That is, I understand that status causes faking behavior that's a drain. (Status conflicts also lower supply, but it's not clear how much.) I don't think it's clear that the mechanism of status-seeking conflicts with actually caring about other goals or detracts from them on net.