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I think the implication is that if consumers are well informed they will lookout for their own needs and try to buy goods of sufficient quality. If enough cons

by sqeaky 10y ago

I think the implication is that if consumers are well informed they will lookout for their own needs and try to buy goods of sufficient quality. If enough consumers do this the market for junk should fail. In some markets it has and in others it hasn't, apparently in appliances junk prevails.

platz 10y ago
> If enough consumers do this the market for junk should fail I think over the long run we've seen evidence for the opposite due to consolidation. Markets aren't perfect; so I am highly skeptical of such a claim. it almost seems like the more the market matters to society, the less choice consumers actually have. I am more interested in trends over time than point-evaluations of dynamics at a specific moments.
- sqeaky 10y ago
  I think in some markets it has worked great. My cheap car, a Hyundai Elantra is at just about 100,000 and I have not had to replace any major components. Back in the 80s and 90s Ford and Chevy were making real junk that wouldn't last long, and people that wanted better and started buying Toyota, Honda and Hyundai. If my Elantra is anything like my aunt's it will last until I wreck it. Hers was wrecked when another driver ran a red light and stopped her 210,000 mile streak. I hear the American companies are doing better, and things like Ford Fiestas are expected to last, I think we need more time to see.
  - platz 10y ago
    Sure some markets like autos are like as you say. Many others, much less so.
    - sqeaky 10y ago
      I think all markets follow that logic. I used "if" and not all markets follow the same path of that if statement. That just means consumers didn't get fed up enough in the markets going one way in that if.
- lr4444lr 10y ago
  Not at all incompatible with the parent post. "Sufficient quality", "junk" are the counterparts to "upsell", and "over-engineered". It's in the eye of the beholder.

by sqeaky 10y ago

platz 10y ago

> If enough consumers do this the market for junk should fail I think over the long run we've seen evidence for the opposite due to consolidation. Markets aren't perfect; so I am highly skeptical of such a claim. it almost seems like the more the market matters to society, the less choice consumers actually have. I am more interested in trends over time than point-evaluations of dynamics at a specific moments.

sqeaky 10y ago
I think in some markets it has worked great. My cheap car, a Hyundai Elantra is at just about 100,000 and I have not had to replace any major components. Back in the 80s and 90s Ford and Chevy were making real junk that wouldn't last long, and people that wanted better and started buying Toyota, Honda and Hyundai. If my Elantra is anything like my aunt's it will last until I wreck it. Hers was wrecked when another driver ran a red light and stopped her 210,000 mile streak. I hear the American companies are doing better, and things like Ford Fiestas are expected to last, I think we need more time to see.
- platz 10y ago
  Sure some markets like autos are like as you say. Many others, much less so.
  - sqeaky 10y ago
    I think all markets follow that logic. I used "if" and not all markets follow the same path of that if statement. That just means consumers didn't get fed up enough in the markets going one way in that if.
lr4444lr 10y ago
Not at all incompatible with the parent post. "Sufficient quality", "junk" are the counterparts to "upsell", and "over-engineered". It's in the eye of the beholder.