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Im Defending Luxury Today

Fashion Inc.

by Laura Rich
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Sep 06 2007 12:00am EDT

I'm Defending Luxury Today

Dana Thomas just wrote a book called "Deluxe: How Luxury Lost Its Luster," and I'm going on "The Star Jones Show" today to defend luxury and its recent boom. In my view, it would be great if people started buying MORE expensive things than things that end up in landfills after people get sick of them and throw them away. It would be better if fewer people spent MORE of their money on fewer expensive things (a good bag will go to your grandchildren, for example, not the trash).

Just because more people want these things doesn't mean they're less luxurious--there's something elitist about saying that just because people recognize the beauty of these things that they're no longer as precious as they once were.

Laura Rich is a co-founder of Recessionwire, which provides news, advice, perspective and humor about the recession and the recovery.

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