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Is Buying Luxury Really Immoral?
Manage episode 478896968 series 3434995
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Should you feel guilty for owning a Rolex while others can’t afford to eat?
As Chinese manufacturers flood global markets and luxury brands face backlash in the US-China culture war, the internet is asking: Is luxury unethical—or just misunderstood?
In this business lesson, I break down the real economics behind luxury, why having more doesn’t mean others have less, and how guilt-driven activism misses the point. From TikTok outrage to Vogue headlines, it’s time to separate emotion from economics.
Luxury isn’t the enemy. Poverty is. And blaming success never built a better world.
Timestamps
0:00 – Intro
0:38 – Why people say luxury is immoral
1:02 – How luxury brands actually create value
2:05 – Why having more doesn’t mean others get less
2:27 – Guilt isn’t a strategy
2:54 – What actually solves poverty
3:08 – Final thoughts & CTA
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I’m Matt Haycox, entrepreneur, investor, mentor, and your go-to guy for no-bollocks advice on business and personal growth.
With over 25 years of experience building and funding businesses across industries, I’ve faced it all wins, losses, and the ultimate comeback story. Through my podcasts, No Bollocks with Matt Haycox and Stripping Off with Matt Haycox, I cut through the bullshit to bring you real, actionable strategies and raw conversations with entrepreneurs, celebrities, and industry leaders.
Whether you’re looking to scale your business, secure funding, or avoid the mistakes I’ve learned the hard way, my goal is simple: to help YOU create YOUR success story.
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