Speech on "vanity is expensive but useless"
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I actively support artists and view creative contributions to society as extremely valuable. I think that a large portion of the future economy is in digital creative work. By contributing to kickstarter and indiegogo I help enable people to fulfill their creative dreams.For things that can be digitally distributed at virtually no cost, or can be bulk produced at low cost (books, music, board games, etc.) I am fully supportive. For things that have a high economic opportunity cost, such as extremely complex watches, luxury cars, things of that nature, I have a very low tolerance because the cost is human life. As a species we have not yet reached a point where every human has the necessities of life. Once everyone has access to food, water, shelter, and internet (education), then I am all for exploring the limits of our potential in every regard. deong 675 days ago [-]
Where do you get the idea that there's no economic opportunity cost without physical items? The whole idea of opportunity cost is intangible -- it's the difference between what you got by doing what you did versus what you could have gotten by doing something else. Distributing a book may be free, but writing a book requires maybe years of effort. Why are you giving that author a free pass for not spending that time building wells and schools in the South Sudan? canvia 675 days ago [-]
That's a very good point about the opportunity cost of time. I will reconsider my position. jbdigriz 675 days ago [-]
This is a completely naive and subjective approach. Please enlighten me as to how you intend to tell the time in the absence of a compatible power supply and/or power grid. Or when that severely limited lithium ion battery stops taking a charge after a year of use. Even if you had acceptable answers to those questions, it still leaves one to question the need for something which implements a subset of the features my phone has at the same cost.Mechanical watches are moving art and are rarely purchased out of need. With the advent of perpetual automatics, they approach the ideal of mechanical perfection - a miniature machine which can accurately track time (and many other features) in extreme environments without the need of a power source. As such, they continue to appeal to many different people - with higher end, more complicated designs continuing to come about at higher prices. I'm a software developer and I love my automatics for both their technical merits as well as their aesthetic beauty. To each his own mmodahl 676 days ago [-]
This is a really toxic view of consumption. What level of consumption is moral to you? Can I buy a pack of chewing gum if I earn $100k? What if buying a $100k watch is a smaller percentage of my income than that pack of chewing gum? canvia 676 days ago [-]
Chewing gum aids in oral hygiene, it has utility. The opportunity cost is hardly anything. The opportunity cost of something that exists purely for aesthetic purposes is 100% of the cost of the good. In this case you're talking $1,000+ for a watch. I am always reminded of the scene in Schindler's list where he looks at the additional things he could have sold or gone without to save lives. On my death bed I don't want to look back with regret and wonder how much more I could have done to help people if I wasn't acting selfishly.To me the moral level of consumption is as close to the minimum required to survive and make an optimal economic contribution to society. Everyone needs happiness and entertainment in their lives. The struggle is avoiding excess. tomkarlo 676 days ago [-]
How does one hope to define "excess" if there's a carveout for "happiness and entertainment"? Beyond our Maslow needs, most of what we spend money on is arguably for "happiness and entertainment", no? canvia 676 days ago [-]
By attempting to make optimal entertainment choices. For example, watching a classic film that is in the public domain on archive.org instead of going to see the latest Disney production in the theater and paying $10 for a ticket. Borrow a book from the library. Have friends over for a game night instead of going out for drinks. There is no best solution. My hope is that people will at least try and make better choices.I agree that most of what people spend their money on is the pursuit of happiness and entertainment. My view is that the path to true happiness does not lie in material goods or personal experiences. Rather, helping others in their struggles and seeing their lives improve leads to fulfillment. tomkarlo 674 days ago [-]
"Optimal entertainment choices" is so vague as to be meaningless. If I can spent 25K on a vacation and not feel it hurt my wallet, isn't that an optimal entertainment choice? mmodahl 675 days ago [-]
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