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I don't disagree with the underlying idea, but I do think a lot of the shitification we're seeing isn't people choosing to be cheap as much as it is a lack of competition. There used to be a need to put money into R&D to beat your competitors, but as there are fewer and fewer of those, less so .

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.

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There's also the lack of regulations, specially in the US. Regulations can be good for innovation since they apply a restriction on businesses. We have become allergic to it, to the point that it makes more sense to bribe the govt than to put capital into risky R&D.