> There is a trick the fashion industries pull […] convincing new wealth that they need to flex their wealth.
Do they? Do they “convince them” that they “need to flex their wealth”?
> They do this by presenting an aura of exclusivity to certain products, usually by gating it by being expensive and hard to acquire.
I think you’re trying to describe Veblen goods but without the necessary vocabulary.
> New wealth tends to fall for it.
It’s just baseless assertions (and a dog whistle about “hip hop artists”) all the way down, I guess?