Its not overrated, it is just scarce.
Yes, it is a status symbol, solely because of its high price and because it is scarce.
These aren't controversial things, you already figured it out, but somehow have cognitive dissonance over this.
Yes, it is a status symbol, solely because of its high price and because it is scarce.
These aren't controversial things, you already figured it out, but somehow have cognitive dissonance over this.
The foie gras that GP mentioned, is inherently labor intensive to produce and not abundant anywhere.
Because it is scarce, it is a status symbol.
Because it is a status symbol only because it is scarce, it is overrated.
Therefore it is overrated.
Ah thats where we are going to disagree. That logic path isn't a leap I would make.
You are undervaluing the utility of scarcity.
Now one can reasonably disagree over whether they should be useful. But the case that they actually are not useful is a difficult one.
I admit that when the vast majority holds a common subjective opinion, for many intents and purposes it can be considered objective, but I'm not sure if it applies to caviar...
— you, six days ago
There was plenty of poaching during the communist times, but not enough to utterly destroy the country's fish stocks.