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reACTIONary

(7,447 posts)
Fri Jun 19, 2026, 09:57 PM Jun 19

Why do some Americans support tariffs, even when it costs them? [View all]

https://news.uchicago.edu/story/why-do-some-americans-support-tariffs-even-when-it-costs-them

[The study] builds on past research from Imas and Madarász, who find people derive value from consuming or possessing goods that others want but do not have, a motive they call mimetic dominance-seeking. This behavior, they argue, helps explain numerous market anomalies, from restaurants that intentionally limit their seating capacity to fashion brands that price their sneakers in the thousands.


I just don't get it myself. But then, I would never pay thousands of dollars for a pair of sneakers. Even if I was rolling in billions.
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