Ben Southwood discusses ASI paper “The New Aristocrats” on BBC Radio Scotland

Head of research at the ASI, Ben Southwood, was on BBC Radio Scotland discussing our new paper “The New Aristocrats”.

We’ve gotten richer and richer, and nowadays, most people or at least many people can afford larger cars, and in some places larger houses and more jewellery. These have become cheaper and we have become richer, so these have become less fruitful ways of showing off that you are special, whereas working out what are the most ethical products to buy and what the most appropriate politically correct terms are is much harder.

Listen to the full interview here. (starts 1:55:00)

Sam Bowman discusses the inflation report on Sky News

Executive director at the ASI, Sam Bowman, was on Sky News discussing the latest inflation report. Watch the full interview here:

Latest ASI paper “The New Aristocrats” features in the Guardian

“The New Aristocrats”, the ASI’s latest paper, has featured in the Guardian. The paper argues that status in modern society is no longer shown by purchasing flashy, expensive goods, but increasingly by virtue signalling.

He claims that attempting to impress your neighbours with ostentatious displays of wealth is now out of fashion.

Instead, he says, proving your social prowess and winning friends is about showing off your green credentials (read: buy secondhand clothes, ethical coffee and install solar panels).

Read the full article here.

ASI paper “The New Aristocrats” features in the Daily Mail

The latest ASI paper, “The New Aristocrats – a cultural and economic analysis of the new status signaling” has featured in the Mail Online. The paper argues that virtue signaling is the new conspicuous consumption, when it comes to showing off status.

Forget a four-wheel drive, loft extension and long-haul holiday. To keep up with the Joneses, all you need do show off your green credentials.

Economists said that ostentatious displays of wealth have fallen out of fashion – and are even seen as crass.

Instead, conspicuous donations to charity, buying second-hand clothes, collecting ‘useless’ university degrees, using politically correct language and making a point of not watching television are all signs of status.

Read the full article here.

ASI Negative Income Tax Report features on the Huffington Post

The ASI has featured in the Huffington Post for our support of a Negative Income Tax.

Costly benefit payments could be replaced by the introduction of the Negative Income Tax (NIT). The government should replace most means-tested welfare payments with a single NIT. This would guarantee a minimum income for citizens whilst incentivising work. It is also estimated by the Adam Smith Institute, that it could save the government up to £6bn in administrative costs.

Read the full article here.