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by wayoutthere 2291 days ago
The biggest problem with modern capitalism is that you don't know if something is "good" before you buy it. The information asymmetry / obfuscation ensures that.
1 comments
xaxsacsdaffbnk 2291 days ago
That's nonsense. Businesses offering bad products go out of business. Can't say the same for state owned industries.

Of course it is also up to you. You can always choose to buy from dodgy sellers to save a few bucks.

Brands exist for a reason, to guarantee a certain quality.

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jiofih 2291 days ago
Information asymmetry and lack of regulation allow bad businesses to stay in business. I’m sure you can recall quite a few if you sit down for a minute.

Also poverty (lack of options). Think of how the 70% of the population who barely gets by would read your comment on being cheap.

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xaxsacsdaffbnk 2290 days ago
Which ones can you recall? If you can "recall" them, why do you still do business with them?

Don't know about the US, but I think most people there shop at Walmart or Costco. Seems to work fine.

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