Utility is the only real luxury
In 2009, while living in Paris, I experienced a moment of clarity that has shaped my view of money and value ever since. That was the year Apple launched the iPhone 3GS. It was a symbol of status, rarity, and prestige. I had managed to secure one through a pre-booking at an Apple Store in Paris, and when I flew back home to Chennai for Christmas, I carried it with pride. At that time, the phone had barely entered the Indian market and was seen only in the hands of celebrities. On the bus journey to my hometown, the iPhone died midway, its battery drained. I sat there, holding the most sought-after device in the world, now reduced to a useless object. Next to me was a daily-wage worker, holding a cheap Chinese-made phone worth perhaps one-fiftieth of my iPhone’s price. His phone had six loudspeakers, and he spent the journey playing music cheerfully, filling the bus with sound and life. The contrast struck me with unusual force. My expensive, globally coveted phone was of no use, while ...