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by invaliddata
4194 days ago
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China has a long fascination with ivory, and Chinese have traditionally valued many exotic goods derived from animals. China also doesn't care much about the environment or natural resources, especially those that are not the natural heritage of China. The rising price of ivory will not deter people in China, on the contrary, the prestige of many items in china (eg Chateau Lafite Rothschild) is connected primarily to the price of the items. |
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https://en.wikipedia.org/wiki/Veblen_good