- The best way to keep up socially has traditionally been through the ritual display of the stuff we own, writes James Wallman
- He says this is good in that we are driven to increase living standards and bad in that not having stuff says failure
- Wallman says spending less time and money on goods and more on experiences brings more happiness
James Wallman is a journalist, trend forecaster, speaker, and author. His latest book, "Stuffocation," is published by Penguin. Follow @jameswallman on Twitter The views contained in this commentary are solely the author's.
(CNN)A friend of mine -- let's call him Pete -- works in the City of London. Has done for the best part of the last 20 years. He's done alright too. He has two homes, one in France, one in London, though for tax purposes he's based in the Channel Islands.