To save you some time the main point of the video is - market drives prices down, because people want cheaper things and buy them more frequently, because it's

To save you some time the main point of the video is - market drives prices down, because people want cheaper things and buy them more frequently, because it's easier to target people and cheaper to outsource production. And most people really don't care about the quality part that much. Regarding personal consumption I'd use Total Cost of Ownership equation. Need a screwdriver 3 times a year - no need to buy something very good. Need a keyboard for you computer and you're a programmer - buy the best you can, because your hands are irreplaceable. But you don't need a fancy laptop stand - a box and couple of books can do the thing (if you don't mind the ugly desk). With the money saved you can always just invest them and get them working or spend them on something more meaningful like health, socializing or whatever you like.