{"id":241500,"date":"2023-03-13T12:20:40","date_gmt":"2023-03-13T12:20:40","guid":{"rendered":"https:\/\/www.worldsocialism.org\/spgb\/?post_type=snippet&p=241500"},"modified":"2023-03-13T12:20:40","modified_gmt":"2023-03-13T12:20:40","slug":"alright-for-some","status":"publish","type":"snippet","link":"https:\/\/www.worldsocialism.org\/spgb\/snippet\/alright-for-some\/","title":{"rendered":"Alright for some"},"content":{"rendered":"

The trade association Comit\u00e9 Champagne is to launch a \u00a3350-a-bottle of Bollinger champagne. Comit\u00e9 Champagne said the rich have been largely unaffected by soaring inflation and were seeking out specific vintages and more valuable bottles (Guardian<\/a><\/em> 10 March).<\/p>\n

\u2018Yes, the cost of living crisis and inflation affects most people, but the ultra-high net worth people we are selling to are very insulated\u2026 their spending power certainly hasn\u2019t decreased.\u2019<\/p>\n

Cult Wine Investment said champagne prices, \u2018don\u2019t affect the richest people. Luxury goods are doing better than ever during a cost of living crisis \u2013 I\u2019d arguably say luxury is doing better than it ever has done. The cost of living crisis has really shown us the scale of wealth inequality.\u201d<\/p>\n","protected":false},"template":"","class_list":["post-241500","snippet","type-snippet","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/snippet\/241500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/snippet"}],"about":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/types\/snippet"}],"wp:attachment":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/media?parent=241500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}