RE: Planned Obsolescence: Free Market Fearmongering Debunked Again?
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Planned obsolescence depends on the ability of manufacturers to hide information from buyers.
The existence of planned obsolescence doesn't prove that the free market failed. It simply shows that we have yet to achieve a free market.
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The tradeoff between cost and durability is also often a response to aggregate market demand rather than a conspiracy to bilk consumers. If I can make a product better for a 10% price increase, but consumers don't tend to buy for 10% more based on market research, I need to design to a cost the market will bear.