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Discussion 5 - Essay Example

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One relevant term defined in Class and Lifestyles is ‘conspicuous consumption’ which means a practice that has been exhibited by people who belong to the rich and famous class and who have been known to vagrantly display their extravagant lifestyle and expensive expenditures…
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Discussion 5
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Download file to see previous pages Their lifestyles are the subject of every news and media publication that is known to be saleable and universally appealing. The mentioning of Michael Douglas and Catherine Zeta Jones’ wedding that amounted to “$1 million to entertain a guest list” (Rothman 192) was an example of this concept.
Another relevant term is ‘class consciousness’ which is defined as a general awareness of distinctions in social classes that encompass knowledge on terms such as class awareness, class identification, class solidarity and class action (Rothman 207). As disclosed, the concept of class consciousness ranges from “the most basic and minimum acknowledgement that there is a hierarch of social classes to participation in overt action to enhance class-based shared interests” (Rothman 207). One strongly believes that class consciousness differs in level and scope of understanding depending also on the stratification of people in society.
The information presented under the Quiet Millionaires written by Rothman (193) was likewise interesting and informative in terms of providing greater and significant insights on the lifestyles of a different segment of the rich and famous people, but those who opt to remain private and confidential in their respective endeavors. One of the noted personalities who exemplify this lifestyle was noted as Warren Buffet. As disclosed, “Warren Buffet, worth over $12 billion dollars, still lives in the same home he bought for $31,500 in 1958” (Rothman 193).
The contents are highly indicative that not all rich and famous people lead an extravagant and a life of conspicuous consumption. There are also many who have returned and shared their riches through philanthropic endeavors, such as Bill and Melinda Gates, Michael and Susan Dell, and Ted Turner (Rothman 193) who had been noted to donate large sums of money for various noteworthy ...Download file to see next pagesRead More
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