It's so you buy a new one every few years instead of keeping the same TV for a decade or two. Capitalism cannot survive when products last a lifetime.
It's so you buy a new one every few years instead of keeping the same TV for a decade or two. Capitalism cannot survive when products last a lifetime.
If that’s true, then why is capitalism still around? Should it have died out in a previous generation in which many products did last a lifetime?
It did. We are currently on the fourth or more reinvention of capitalism. It's like ethernet - every time networking technology changes, the new one is called the same thing as the old one. The current fiber-optic switched Ethernet has absolutely nothing in common with the original vampire-tapped coax with media attachment units clamped onto the cable and a serial-port-looking AUI interface running down from the ceiling to the computer. Same for capitalism.
> Capitalism cannot survive when products last a lifetime.
This is totally backwards; capitalism would do fine in such an environment (in the same way that evolution does fine in an environment where organisms live more than just a few seconds; the whole reason we have the notion of a "lifetime" is that our germ line comes from a long line of ancestral DNA that made organisms that outlasted their competition.)
Individual companies might have to hustle to innovate or die, but that too is good for capitalism.
Whoa!
I think maybe I stepped on somebody's agenda?
Both capitalism and evolution depend on the fact that over time, on average, less fit organisms/organizations are displaced by better alternatives. You may not like that, but down-voting anyone who points it out doesn't make it any less true.