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One option is for governments to become more directly involved in regulating the durability of products. To some extent, they already are. Minimum safety standards in cars, child safety seats, electrical appliances, and other products are common and necessary. But stepping beyond safety to require, for example, that Maytag make washers with the same quality standards as Alliance Laundry Systems is more ambitious—and more problematic. For one thing, Alliance Laundry Systems probably wouldn’t like it. After all, the company’s booming consumer business (and its pricing) are built on the idea that ...more
Secondhand: Travels in the New Global Garage Sale
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