Veblen was inspired by these anthropologies of what was called the ‘potlatch’: nineteenth-century Pacific Northwest tribal societies in which there would be elaborate feasts, and nobles of tribes would compete with each other to see who could hold a bigger feast, who could waste more food, who could burn more blankets or other kinds of rare goods. And by going through that potlatch ritual a noble could assert his rank. It had lasting consequences: in humiliating a rival, claiming one’s title and gaining respect in the community.
Was the potlatch about waste, or about influence?