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I think my most genuinely unpopular take is that a widely held and genuine consumer preference for cheaper, lower-quality goods, not private equity, is driving the decline in quality of consumer goods like clothing and housewares.

I think it's more like an eight-year-old's preference for sweets over dinner. "Preference" isn't necessarily a perfect lens when we're constantly subject to deliberate manipulation. And lest this sound a tad paranoid.. marketing/sales/advertising people openly admit that's their game.