There are cases where spending more gets you a more premium product ... but in so, so many cases it's just like you stated. You spend on luxury, and the "nice" speakers have the same terrible PCB design and fail in 1-2 years, or the "nice" skilsaw ends up failing way too soon, etc. A brand used to be good, but now it's terrible, and you have no way of knowing. It's all a mess.
What about the "craftsmen" on Etsy? Are they even real? Or, I could pay $5000 for an individual, local, physically extant American with a name and face to make it from scratch, which I would love to be able to afford.
So I pick one at random off Wayfair that claims to be made of solid wood and has a price that is neither suspiciously low nor suspiciously high. Maybe I've just bought cheap boots, but it's insane that I don't even know.
I’m just amazed that they don’t even bother to use alternate product pictures.
Not to mention it also assumes you have the space to store those products.
In reality I think there are more forces extracting money from the wealthy and their effete needs. My example is an airplane. The first class passengers are effectively paying 3x as much for the same outcome. The same is true for ovens and shoes and phones and cars.
To address the second airplane example, we really have to go through all that you're buying. Namely: more leg space, faster airport queue processing, more luggage, better in-flight service. Do I value these at 3x the cost? Maybe yes.
Not saying it's a bad to spend money on temporary comfort, but it's the opposite of the Vimes boot problem.
A hand-stitched leather suitcase is expensive. It will also last until your grandchildren are dead.
Not the same outcome. They show up at their destinations fresh from a good night's sleep, having showered at the lounge. Their back doesn't hurt from trying to sleep upright in a tiny seat or schlepping a heavy rucksack.
If you have enough money you are ok with paying to get those outcomes.
3x? If only! If we're talking international first class (not US domestic "first"), it's typically 10-12x the price of economy.
If you're chasing after the ones that are most well known on Instagram, then you're paying for the logo and getting quality that is not that much better than much cheaper stuff.
If you look for lesser known brands that are more expensive but that expense is because of the materials and craftmanship, then it's often worth the money.
Consider school backpacks. If you can, you should probably buy a Tom Bihn backpack. It's $400 and will last for decades. Spending more money will buy something fancier, but it won't be better at being a backpack. If you don't have that much cash to drop? Jansport, Eastpak, North Face? They're all the same mediocre product made by the same PE group. And they're still not cheap.
Another way to consider it is through the lens of meritocracy. Consider two poker players of equal skill. Have them play each other until one has lost everything. Run this competition over and over, starting each player with a random stack. Over many trials, the player starting with the bigger stack will win in proportion to the ratio of their stack to their opponent's. Given a large enough ratio, this wealth advantage can begin to overcome greater and greater advantages in skill on the part of their opponent.
In the US, the ratio of the wealth of the top 10% to the wealth of the median has risen from 5.8x in 1963 to nearly 10x in 2022. In the same period, the ratio of the top 1% to the median has risen from 35x to 70x. And the effective advantage is probably much higher, as this calculation does not take into account liquidity: most of a median family's wealth is in their family home.
I do think it is still very true for tools though. It's nearly always worth getting decent ones, they nearly give better results or are easier to use and last so much longer.
If you're a hobbyist or doing something at home, a lot of the times you're gonna buy some random tool and only use it a few times. 80% of the time, the Harbor Freight knockoff is going to be good enough. If you use a tool so much that it breaks, then it's time to spring for the expensive and high quality version.
However you may want to go straight to the nice version for things that have safety implications (skip the infamous Harbor Freight jack stands)
The "boots" item feels less true, because expensive doesn't seem to be as correlated with "good quality" as it used to. But the general statement still very much stands.
Things like financial products that charge higher interest rates to poorer people, or services that offer discounts for paying annually rather than monthly are great examples of this. And less direct things, like being able to drive to cheaper shops and buy in bulk, or being able to do preventative maintenance to avoid a cheap fix turning into an expensive one.
It can still apply to individual items, as long as you're careful about what you buy and do your research to make sure you're actually buying high quality boots, and not just cheap ones with an expensive logo on the side.
The books also get better as I get older - I read them first as a teenager and many of the deeper ideas about the human condition went straight over my head.
The way the cult leader in Guards! Guards! manipulates his followers, to give just one example.
Consumer goods have dropped in price, which is good for offsetting inequality. I think the allegory still holds in some other areas (off the top of my head: healthcare spending and renting versus owning your primary residence).
That said, income inequality is probably the much bigger source of unfairness these days.
namanyayg•1h ago
Also Sir Terry Pratchett is a gem of an author and you should read all of his books. I have read through maybe 25% of Discworld and it's the funniest fantasy series ever.
try-working•1h ago
exe34•36m ago
Peritract•29m ago
If you start reading at the very beginning of the Discworld, you're slogging through the weaker stuff, and it's easy to get discouraged. A smoother path is to pick one of the defined sub-series (the guards are very popular, but my vote goes to the witches) and start along just that track; you'll get to the strong stuff much faster.
markx2•1h ago
“Yes, yes,” said Bethan, sitting down glumly. “I know you don’t. Rincewind, all the shops have been smashed open, there was a whole bunch of people across the street helping themselves to musical instruments, can you believe that?”
“Yeah,” said Rincewind, picking up a knife and testing its blade thoughtfully. “Luters, I expect.”
Excerpt From The Light Fantastic
Great author.
phyzix5761•48m ago