this post was submitted on 27 Sep 2023
552 points (94.8% liked)
Technology
59608 readers
3423 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Consumers have very little choice when it comes to things like cars, electricity company, cable company, etc. In that case it is appropriate to put blame on the companies who have a captive customer base. But with other products like phones, there is nothing compelling consumers to buy the latest except FOMO and greed.
Absolutely, and for products and markets that are essentially necessary to life, there's a much stronger case to be made for strong regulation since the potential for exploitation is much higher (the nightmare that is the entire healthcare industry exemplifies this perfectly, since market forces don't work well when you're unconscious or will otherwise die).
But for luxury items, which high-end smartphones undoubtedly are? Yeah, consumers can take a little bit of accountability.