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451 sats \ 4 replies \ @kepford 23 Jan \ parent \ on: Expensive fridges are dying young. Owners are suing, claiming fraud tech
Also there are many components that make up a fridge. With appliances the cost of repair is much higher than replacement. I would say that is largely due to fiat. So as a manufacturer it is more profitable for you to build with cheaper components. There are competing forces though. We have fiat currency inflation against technology advancement. I'm convinced tech advancement has greatly reduced the pain of inflation. So if the state continues to stifle innovation eventually it will be to much and kill the golden goose of tech.
I suspect there are even more components in a pickup truck than in a fridge, but I agree that the relative cost of repair vs. replacement is definitely higher for a fridge.
I wonder if someone could succeed by building a “buy it for life” fridge that is essentially bulletproof, and use some of Elon’s marketing stunts from the Cybertruck launch to sell it.
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Yeah no question. I know some people that work in the auto components industry and it is wild how much goes into making an automobile.
My guess on Elon is that he has no desire to make a "buy it for life" anything. Not under fiat I mean. Especially not as a publicly traded company. The fiat system pushes for short term financial gains. That is the other aspect that affects everything. Its more indirect but all of our time preferences are affected by the money used by society. Bad money. Bad incentives.
That's my thought at least for what its worth.
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