Good point.  Status seeking will always be with us.  I think the relevant question is whether or not that status seeking takes place in the market or in some other social space.<p>For example, by putting a cap on wages perhaps status-seeking could be redirected to non-market pursuits.  I&#x27;m not saying that&#x27;s a good idea, just an example of how policy can be used to redirect behavior away from markets into other areas of production.<p>And one thing this article leaves out is the problem of non-market policies creating unintended consequences.<p>It&#x27;s easy to talk about regulating the market - it&#x27;s hard to come up with effective policies that don&#x27;t create results worse than the problems they&#x27;re attempting to address.