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by therealpygon 169 days ago
Exactly. Brands have happily devalued themselves in favor of profit for many years; if you are presented with two options of equal quality, why would you choose the more expensive simply for a logo, except out of insecurity? If that brand is no longer meaningful in that goal because it is no longer admired, there is no value in paying more. People went with brands because they were supposed to be “better”, and their expense made them less obtainable (therefore more desirable). They are no longer desired because they sold their value for profits.
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There is a certain colonialism attitute in such capitalism corporations, as if the countries that are exploited for low production costs, the people weren't able to gather the knowledge and do something for themselves instead.

Naturally they are only collecting what they planted, and unfortunely all local economies suffer from the side effects from this, in jobs, and acquisition power.