"As economies expand beyond subsistence level, a larger fraction of the total activity can go to “frivolous” elements, such as art and entertainment. The intensity of such activities can be quite low. An art collector may pay $1 million for a coveted painting. Very little energy is required. The painting was produced long ago. It may even remain on display in the same location—only the name of the owner changing. Financial transactions that require no manufacture, transport, and negligible energy are said to be “decoupled” from physical resources. Plenty of examples exist in society, and are held up by economists as illustrating how we can continue to expand the economy without a commensurate expansion of resource needs."
January 1, 1970
https://en.wikiquote.org/wiki/Consumerism