Post

I don't disagree with the underlying idea, but I do think a lot of the shitification we're seeing isn't people choosing to be cheap as much as it is a lack of competition. There used to be a need to put money into R&D to beat your competitors, but as there are fewer and fewer of those, less so .

I think my most genuinely unpopular take is that a widely held and genuine consumer preference for cheaper, lower-quality goods, not private equity, is driving the decline in quality of consumer goods like clothing and housewares.

There's also the lack of regulations, specially in the US. Regulations can be good for innovation since they apply a restriction on businesses. We have become allergic to it, to the point that it makes more sense to bribe the govt than to put capital into risky R&D.

0 reposts0 likes

No replies yet.