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This has already started to happen for manufactured goods. Mass-manufactured and cheap but low quality goods are extremely available. People also will pay a pr
by datadrivenangel 3y ago
This has already started to happen for manufactured goods.
Mass-manufactured and cheap but low quality goods are extremely available. People also will pay a premium to some local craftsperson who makes artisanal stuff at an extremely noncompetitive price, often with less technical quality in some regard.
The real need is to have trusted brands and harder to game information about those companies, so you can more quickly tell when a company starts submitting to the MBAs and eroding their quality.
- gtirloni 3y agoPeople also will pay a premium to some local craftsperson who makes artisanal stuff I won't, unless it's for the art aspect of it or to help a specific developer/artist that I want to see succeed. But by default, I'll pay a premium for high-quality very precise and reliable consumer goods that undergo strict quality assurance processes, mass produced or not. If artisanal stuff has less quality, I'm not inclided to pay a premium for it in the general case.
- dan_quixote 3y ago>I'll pay a premium for high-quality very precise and reliable consumer goods that undergo strict quality assurance processes How? Every time I find something like this, Private Equity scoops up this company and strips it for parts by the time I want to buy more.