Balenciaga’s new $1,800 purse looks like a Lay’s potato chip bag

Doubt it. They’re owned by H-E-B.

The two biggest grocery chains are merging, Albertsons and Kroger. Both of them have several subsidiaries like Safeway, Smiths, Ralph’s, Fred Meyer and Vons among others. They’ll all be under one roof now.

The oligarch-ification of America continues…

The Justice Department recently lost its third merger case in a month. This is what happens when the government swings for the fences and brings lawsuits that lack merit.

Progressives last week demanded that the Biden Administration stop Kroger’s announced merger with Albertsons, which would help the unionized supermarket chains compete with Walmart, Amazon and lower-cost grocers. If only antitrust law had a three-strike rule.

https://www.wsj.com/articles/bidens-antitrust-batters-strike-out-department-of-justice-merger-lawsuits-unitedhealth-11665868777

So, you are saying you agree with progressives?

I agree with a free market system. Progressives don’t want that. They couldn’t give 2 shits about free markets, they just want THEIR oligarchs running things. They’re mad about the oligarch leadership. I’m mad oligarchs exist. See the diff?

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AnCap or Populist? :slightly_smiling_face:

Why is populism so bad, it’s popular isn’t it? :laughing:

Better than the corpofascist-anarchotyranny state being upheld by the boomer oligarchs in the house chambers.

While they overprice all of their items, since they can, their quality is definitely up to par.(Specifically clothing and shoes)

So what you are saying is they are a very poor value.

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For the price of course. It’s like 1000 dollars for a hoodie. Of course it’s not worth the 1000 but I personally prefer the quality over other designers.

I can’t even. But I’m cheap when it comes to clothes generally.

The extent of my extravagance is luggage.

TLDR version: Poor people spend money on ridiculously expensive things, which keep them poor, which makes them spend money on those things. They do this to impress other poor people. Upper middle class people don’t give a shit about any of it because they don’t have to prove anything to anyone. Kinda goes the same for cars, lol. OK I will go away now.

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Sales vets know that white new balance sneakers means 800+ credit score. We will fight each other when we see an older man getting out of his car wearing those. Then we grab the new guy when we see someone coming wearing all fashion brands and looking they are going to the club. They can’t come up with a $5k down payment but are wearing the equivalent in clothing.

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When I was gassing up my car in Hollywood some guys pulled up and asked me for a few dollars for gas. (I didn’t have any cash that day), afterwards my kids pointed out they were wearing $200 sneakers. lol

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Not sure how much stock I would put into the musing of a behavioral scientist, TBH…

I can say anecdotally this tracks as well. I have a group of friends that does a yearly ski trip. We’ve been doing it for 20 years. Last year, one of my friends joked that his ski pants are so old, they went out of fashion and now is back in style, since fashion is always cyclical. This dude makes $300K a year and could buy a new $1000 pair of ski pants every year without thinking twice about it. He doesn’t though because he gives no fuqs what anyone else thinks of him while skiing. His 10 (or 15 or whatever) year old ski pants are just fine. My ski jacket is 10ish years old as well. Still rocking it. I’ll probably still have 10 years from now. From a functional standpoint ski pants are ski pants, a ski jacket’s a ski jacket. Buy a good quality one and it will last forever. The fashion sense of it is only to impress others.

Meanwhile you see the 24 year olds on green runs, on rentals, sporting brand new $1200 ski jackets bought just for a 3 day trip :joy:

It’s all psychology. And the Guccis and Pradas of the world have it down to a literal science to make the 24 year old buy that thing.

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So, if you’ve all been doing this trip for 20 yrs, I’m assuming you all are middle aged? You (and your friend) might just have the maturity, independent of income, to know better. :slight_smile: Although I’m sure that there are plenty of middle-aged people, of all incomes, who do not.

I’m not saying that there’s no true in what that article is positing. All I’m trying to say is that behavioral science/economics, as a field, is arguably very iffy in terms of validity/real-world application.

True. However said pants were bought when he was in his late 20s or early 30s.

Right, and they were stylish back then? And so your friend wanted to be stylish back then?

Depending on how much your friend was making back at that age, that also supports my idea that how one spends their discretionary income is more a factor of age than $.

And also, whose to say that those 24 yr old in the expensive jackets won’t keep them for decades? :slight_smile: