Happy New Year, everyone!
In the past few months I've been thinking several thoughts that all seem to point in the same direction:
1) People who live in developed Western countries usually make and spend much more money than people in poorer countries, but aren't that much happier. It feels like we're overpaying for happiness, spending too much money to get a single bit of enjoyment.
2) When you get enjoyment from something, the association between "that thing" and "pleasure" in your mind gets stronger, but at the same time it becomes less sensitive and requires more stimulus. For example if you like sweet food, you can get into a cycle of eating more and more food that's sweeter and sweeter. But the guy next door, who's eating much less and periodically fasting to keep the association fresh, is actually getting more pleasure from food than you are! The same thing happens when you learn to deeply appreciate certain kinds of art, and then notice that the folks who enjoy "low" art are visibly having more fun.
3) People sometimes get unrealistic dreams and endlessly chase them, like trying to "make it big" in writing or sports, because they randomly got rewarded for it at an early age. I wrote a post about that.
I'm not offering any easy answers here. But it seems like too many people get locked in loops where they spend more and more effort to get less and less happiness. The most obvious examples are drug addiction and video gaming, but also "one-itis" in dating, overeating, being a connoisseur of anything, striving for popular success, all these things follow the same pattern. You're just chasing after some Skinner-box thing that you think you "love", but it doesn't love you back.
Sooo... if you like eating, give yourself a break every once in a while? If you like comfort, maybe get a cold shower sometimes? Might be a good idea to make yourself the kind of person that can get happiness cheaply.
Sorry if this post is not up to LW standards, I typed it really quickly as it came to my mind.
The interesting thing is not even that high fashion is largely meant to signal wealth. People could be wearing some random tracksuit and show of their wealth with jewelry - that is actually a saner investment resales value wise. But that would be called "ghetto", "not classy", largely because it is so obvious.
High fashion is for people who want to show off wealth while not looking like someone who wants to show off wealth. Counter-signalling - people trying to look like someone who does not need to look wealthy anymore, because the people who do are middle class and these people are one level higher.
But since even this is too obvious, about 10-15 years ago a new category of people (I think it overlaps a lot with the category called "hipsters") emerged who purposefully try to look poor / not conventionally rich and yet you can guess they have money because they always have the latest iProducts.
Men can wear expensive watches and women in high fashion do wear expensive jewelry.
Besides that a tailored item is a better signal for wealth than jewelry that can be loaned for an important event.