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by crc32
2375 days ago
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> Now you've shipped your thing that lasts forever. If it's a mechanical object, maybe you can get continuing revenue from spare parts, but those will bring in less than the original purchase. This might be bad for a tractor manufacturer; but an everlasting tractor would be great for society, right? The incentive now is to innovate in order to create a better more efficient product. E.g.; a more fuel efficient tractor which increases productivity - then you'll get another sale. Deliberately hobbling your product so that it needs repair or replacement disincentives innovation and is a form of rent-seeking https://www.investopedia.com/terms/r/rentseeking.asp and as such should be treated as a market failure. (I.e., legislated against) |
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