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Similarly, the share of large household appliances (like refrigerators and washing machines) that had to be replaced within five years of purchase grew from 7 to 13 percent. If those numbers don’t seem large, think of them in terms of a single manufacturer. What would the consuming public think—much less say in online reviews—about a washing machine manufacturer whose five-year failure rate increased from single to double digits in the span of eight years? Consumers know what’s happening. In 2014, a British nongovernmental organization that works with business, government, and communities ...more
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Secondhand: Travels in the New Global Garage Sale
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