Part of me loves this idea. I've had things fail, and would have been happy for warranty coverage. But: * What about the market for truly inexpensive things?

Part of me loves this idea. I've had things fail, and would have been happy for warranty coverage. But: * What about the market for truly inexpensive things? Do I get e.g. my plastic knife replaced every time it gets dull, for 20 years? Does a consumer still have the option to buy a truly inexpensive (and low quality) specialized tool, that they know(/expect) they'll only need once? (Or will they all be expensive, because it's now illegal to make something that won't last for 20 years?) * How does this affect expensive things? What will a car cost, if I have to pay for all the possible issues that will come up with it over 20 years up front? * How will this be enforced? Just form a corporation that "goes out of business" every year or two, and is magically replaced by another distinct corporate entity. Sure the warranty lasts 20 years but if the company servicing the warranty doesn't ... (The even more significant proliferation of e.g. HOOLEEZOO branded items?)