Very well could be. But it's certain that any cheaply made item is going to have poor working conditions, poor quality of life, and poor return on investment. I think we need to define what I mean by "expensive" because, for example, an iPhone can be thought of as expensive purchase but I honestly think it is too cheap. What I mean is that we need to evaluate the total cost of ownership. "Is this item that I'm buying made in a way that benefits humanity?"
For example, the LED light bulb market had such promise but now is flooded with cheaply made bulbs that are made with components that will fail before they should. The pollution cost to mine all the rare earth materials that go into these light bulbs are not reflected in their final cost, and in my opinion, they should be.
For example, the LED light bulb market had such promise but now is flooded with cheaply made bulbs that are made with components that will fail before they should. The pollution cost to mine all the rare earth materials that go into these light bulbs are not reflected in their final cost, and in my opinion, they should be.