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If you take off the conspiracy hat, you will see that there are many advantages to not owning a product. Such as that the vendor's incentives are better aligned

by amelius 9mo ago

If you take off the conspiracy hat, you will see that there are many advantages to not owning a product. Such as that the vendor's incentives are better aligned with yours. For example, if the thing breaks, it is in __their__ best interest to fix it (or to not let it break in the first place). This also has positive implications for sustainability.

physicles 9mo ago
It’s also in their best interest to set the price so as to maximize their own profits. If switching costs or monopoly power allow them to set a higher price, they will do so. Have we learned nothing from a decade of subscription services?
- amelius 9mo ago
  Nobody said we should allow monopolies?
  - fragmede 9mo ago
    Especially Adam Smith. The claims are scattered throughout The Wealth of Nations, but he hated them with specificity. He said they raise prices and lower quality, misallocate capital, and corrupt politics, among other things.