Would capitalism survive if the majority of manufacturers turned away from planned obsolescence and focused on making only the highest-quality, longest-lasting products possible?

Cartwright-There was a day when manufacturers here in the United States made high quality, long lasting products, and it wasn’t that long ago. About three years ago, I renovated a property that was originally built in the early 1970s. When I acquired this property, it still had the original appliances, all of which were in working order and were of good quality. It would be unthinkable that current stoves, ovens, or refrigerators would last over forty years. You’re lucky to get a quarter of that time out of them and that’s if you give it little use. Capitalism seemed to do just fine back in the days when manufacturers made products that would last for forty years in a time when I’m not sure that manufacturers were thinking of planned obsolescence. They were more expensive products, yes, but they were built to last. Continue reading