3 ms·

"As long as" is doing a lot of work in that sentence.

• chii 5y ago
  it is, but the narrative was that the total cost of the flimsy boots is some 10x the cost of 1 of the good one. An enterprising financier could charge 5x the cost of 1 good boot, over the life time of it, and the wearer is still going to be better off (and he obviously could afford it because previously he was paying 10x over the same period). So the only reason this isn't done is because the flimsy boots aren't 10x the cost, but likely only 2x the cost. There's no room for financing option since transaction and friction costs would absorb any possible profit.