Hopefully I’ve worded the question right.
I was once told (I could never verify if it was true) that a crocs company once almost went bankrupt after they made their crocs practically indestructible. Whilst the story was most likely bullshit, it makes me wonder: if a company can make a product that is practically indestructible, is it ethical for them not to make them indestructible, so people will buy more from them?
The way I look at it is, on one hand, I feel like they should make products to the highest quality if they can so that the consumer has to spend less money and that less is wasted, but at the same time if it leads to the company going bankrupt, what of the workers and their families? So I can’t decide, what do you think?
The company that made instant pot actually went bankrupt because it was acquired by private equity via leveraged buyout.
What you’re telling is the story the evil assholes that profit from that kind of thing want you to believe.
IIRC a leveraged buyout is where one “company” buys another company using loans and then makes the acquired company pay the loan including interest.
private equity could have slashed the product due to poor growth (due to ppl not buying repeatedly).
I agree it’s what evil assholes want us to believe, but that doesn’t necessarily make it a false claim.
Oh honey
Bless their little heart.
Huh