this post was submitted on 08 Sep 2024
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This is tough -
(US here) Gets me thinking about dollar store headphones. Consumers could buy decent headphones for about $10 direct from overseas. When that’s equivalent to more than an hour of wages, there’s still demand for the $1 version. Should this need not be met out of a sense of social responsibility?
(I don’t have a perfect answer myself)
Econ 101 on my mind here btw:
The problem is that our economic system has encouraged an environment where reputation is a thing to be immediately cashed out. You can't even know if those $10 earbuds are any better than the $1 version.
You can make some reasonable assumptions although they will be imperfect:
Wouldn’t be as frequently imperfect if freaking review fraud weren’t entirely ubiquitous (grrrr)