Commodity fetishism refers to the social phenomenon where the value of a commodity is determined not by its use, but rather by the perceptions and desires of consumers. Some of the synonyms for commodity fetishism include "consumerism", "materialism", and "capitalism". These terms all suggest a focus on acquiring and accumulating material goods as a sign of status or success. Other related terms might include "brand loyalty", "luxury consumption", and "status signaling". While these concepts are sometimes celebrated as markers of individual achievement or success, they also come with a range of social and environmental consequences, including depletion of resources, environmental degradation, and social inequality.