@stogachess@TrevMcKendrick@tylercowen The abyss becomes more real with negative emotion. Life is truly more beautiful than we are led to believe by most public voices.
@noam_dworman Obviously I'm an outsider to the situation, but from the outside looking in it seems like offering Megyn an olive branch would go a long way. I know you are trying to avoid the "innocence by association," but she seems the type to respond to carrots instead of sticks.
Milton Friedman was one of the great economists of the past century. His 1980 PBS series “Free to Choose” is available, in its entirety, on YouTube. You needn’t pay a penny to see it. Link in thread.
You're inverting the economics lesson.
Planned obsolescence was more frequently a problem without free-trade than with it.
If a given producer faces less competition, it becomes easier for the producer to deliver an inferior product to his would-be competitors.
Demand for the producer's product is thus more inelastic, the primary reason unions are opposed to free-trade as they attempt to strong-arm everyone into having no alternative than to purchase from them, chasing us into poverty with less output, compensation exceeding equilibrium and their output, and driving entire industries into bankruptcy and an inability to keep pace with other countries, including our adversaries, with all sorts of negative downstream impacts.
Once again, the elevator industry is a primary example in America (see episode segment with @yaronbrook).
Conversely, quality improves as producers from many different countries compete for market share against one another.
What you're pointing out is not planned obsolescence, but rather an increase in product complexity and potential points of failure as more features are added and designs improve.
Now, you may not view that as a worthwhile trade-off or not value some of the features - other customers do.
Why should everyone else forgo what they value, simply because you don't share their value judgement?
We aren't looking for a king, nor to be ruled over by central planners managing a slave-state or catering to monopolists, be they representing some particular labor interest or otherwise, seeking to infringe upon private property and other rights.
You can go purchase old washing machines from secondary markets or new ones with a single PCB and 3 knobs, nothing else.
We ALREADY ARE a manufacturing powerhouse! #2 in the world behind China. Almost 2.5 times more than Japan at #3.
China doubles us in manufacturing but they have a GDP per capita of around $14K compared to over $85K for the US.
I don't want to trade places with China!