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Competition partially causes this though. When you have 100 brands selling the same thing it became a race to the lowest price.
by Gigachad 29d ago
Competition partially causes this though. When you have 100 brands selling the same thing it became a race to the lowest price.
- Eddy_Viscosity2 29d agoMy experience is competition invokes two races happening at the same time, one for lowest price and one for highest quality. You can get a cheap car or really high quality car. Same goes for clothes, restaurants, basically anything where there is lots of market choices and competition.
- steinvakt2 28d agoAn Audi typically requires more maintenance and repair than a Toyota though. You’re not paying for quality (as in durability/longevity)
- nradov 28d agoThat doesn't make any sense. The most expensive cars are also the least reliable. Rich people have multiple cars so when the Bentley has an electrical glitch they just drive the Porsche.
- Eddy_Viscosity2 28d agoQuality means different things to different people. But the fact that Bentleys and Porsche exist support that case that not everything in a competitive markets drives things to the lowest cost product.
- nradov 28d agoExactly. The whole notion of "quality" is so subjective that it never was and never can be a norm.
- asdff 28d agoAt the end of the day, people still end up sucking it up and buying it, so the market can only be so efficient. Every hobby I've had, all sorts of different stuff only anchored in the fact you have to buy gear, the common theme is everyone is constantly pissed off at the companies making the gear. It is very much an abusive relationship.
- AlexandrB 28d agoThe upper end of a lot of these product categories is often populated with overpriced junk that's popular for conspicuous consumption reasons. Clothing is the prime example, but a lot of modern fine dining is also trash (who actually enjoys eating flavoured foam?). So there's actually three races: lowest price, highest quality, and highest brand value.
- gamessucknow 28d ago> You can get a cheap car or really high quality car. That’s the problem, I want something in-between.
- jjk7 27d agoLuxury is another dimension than price <-> quality.
- switchbak 28d agoDepends- i care about the quality of power tool I buy. There’s plenty of competition, but most of it I won’t touch because it’s some “Zissbou” brand off of Amazon. The competition on the high end is great! Makita, Milwaukee, and others battling it out. Better materials, batteries, designs. But I’ll only pay for actual performance, so there’s no where for bad actors to hide.