Originally published behind n+1's pay-wall, Mark Greif's polemic is run in New York Magazine:
Through both phases of the contemporary hipster, and no matter where he identifies himself on the knowingness spectrum, there exists a common element essential to his identity, and that is his relationship to consumption. The hipster, in this framework, is continuous with a cultural type identified in the nineties by the social critic Thomas Frank, who traced it back to Madison Avenue’s absorption of a countercultural ethos in the late sixties. This type he called the “rebel consumer.”
The rebel consumer is the person who, adopting the rhetoric but not the politics of the counterculture, convinces himself that buying the right mass products individualizes him as transgressive. Purchasing the products of authority is thus reimagined as a defiance of authority. Usually this requires a fantasized censor who doesn’t want you to have cologne, or booze, or cars. But the censor doesn’t exist, of course, and hipster culture is not a counterculture. On the contrary, the neighborhood organization of hipsters—their tight-knit colonies of similar-looking, slouching people—represents not hostility to authority (as among punks or hippies) but a superior community of status where the game of knowing-in-advance can be played with maximum refinement. The hipster is a savant at picking up the tiny changes of rapidly cycling consumer distinction.
This in-group competition, more than anything else, is why the termhipsteris primarily a pejorative—an insult that belongs to the family ofposeur, faker, phony, scenester,andhanger-on.The challenge does not clarify whether the challenger rejects values in common with the hipster—of style, savoir vivre, cool, etc. It just asserts that its target adopts them with the wrong motives. He does not earn them.