Wealth is Relative

[hmkpoker]

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The other is that it supposes that a 80" LCD HDTV makes you happy. It makes you happy - at most- until a 100" LCD HDTV comes out. Just as the 1950's person was happy with his B&W TV only until the color ones came out.

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I don't agree with that. Watching HDTV creates specific happy sensations that B&W TV wouldn't. The size thing is probably more of a comparative/status type, and might well erode as TVs get bigger.

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There's also the factor of novelty. Currently, it's really cool to have a next-gen video game system, and the last generation (PS2, Gamecube, XBox) isn't as much fun anymore. Imagine that a legislation were passed that forbids the production of new kinds of gaming consoles. Sony, Microsoft and Nintendo are allowed to keep making their PS3, XBox 360 and Wii, and any games, for as long as they want, but they can't create, say, a PS4. What's gaming going to be like in 20 years? Is the PS3 still going to be fun, even when there is no "new thing" on the horizon?