[00:07.55]On Luxury Consumption
[00:10.73]Nowadays, many people tend to spend more money
[00:15.62]on luxury commodities.
[00:17.08]It is reported that China has ranked
[00:20.45]as the second largest country on luxury consumption,
[00:22.16]surpassing the United States.
[00:26.23]As regards this phenomenon,
[00:28.97]there has been a heated discussion among people.
[00:32.08]Advocates take it for granted that
[00:35.22]people should spend more money
[00:36.87]to improve their living standards when they become richer.
[00:40.67]In addition, luxury consumption
[00:43.47]can help promote China's domestic consumption,
[00:46.08]thus contributing to the financial revenue.
[00:49.13]However, other people hold an opposite viewpoint.
[00:53.30]These people,
[00:54.73]who value traditional virtue of frugality,
[00:57.59]consider luxury consumption as a waste of money
[01:00.95]and they believe quite some luxury commodities
[01:05.07]are expensive but not practical.
[01:07.17]What's more,
[01:08.17]they claim that those luxury goods buyers
[01:11.11]might as well spend more money upgrading themselves
[01:14.52]or doing some charity work.
[01:17.19]Personally speaking,
[01:19.25]I object to luxury consumption.
[01:21.74]I think money spent on luxury commodities
[01:24.72]can be used to do something far more meaningful.
[01:27.77]
