On 05/14/2012 01:32 PM, Scott Dorsey wrote:
> In article<joromj$eco$
1...@dont-email.me>, mike<
spa...@gmail.com> wrote:
>> On 5/14/2012 12:46 PM, Scott Dorsey wrote:
>>> In article<jorht3$vom$
1...@dont-email.me>, mike<
spa...@gmail.com> wrote:
>>>> Would you transfer your investments to companies who's charter disclosed
>>>> that it was their intention to charge much higher prices their competitors?
>>>
>>> I would, if it was also their intention to make a better product in the
>>> process. Coca-Cola is a good example of a company whose stated policy is
>>> to charge more than their competitors.
>>
>> How much Coke stock do you own?
>
> Less than a single block, but I should really get more. It's a great
> business, they pump water out of the ground, add a small amount of stuff
> to it, and sell it for $0.75/can. How can you beat that?
cigarettes. not only does tobacco just grow out of the ground, its
buyers are addicted - you can charge pretty much whatever you want.
>
>>> The problem is that consumers want low prices and they don't care about
>>> quality. They -say- they care about quality, but when they are offered the
>>> chance to spend more money on a better product, few of them do.
>>
>> It's difficult to tell.
>> There's cheap noname crap.
>> Then, there's expensive brand-name stuff that's cheap crap under the hood.
>
> These are often the same, with a different label. It's made worse by the
> Chinese practice of buying up old-line American brand names. So now you
> get stuff marked RCA and Bell and Howell which is in fact the same crap in
> a different package.
what i hate is being charged "made in usa" prices for stuff made in
china. vice grips are the perfect example - a brand bought by irwin,
[part of rubber maid i think], and production shipped to china. they
still charge the same price even though it's not costing them a fraction
to produce. and to add insult to injury, they have the temerity to call
them "original"! i won't buy irwin brand tools any more.
>
>> The Good stuff is very difficult to identify, and will be MUCH more
>> expensive.
>
> Right, but it did not use to be much more expensive, it used to be only a
> little more expensive. However, the current state of affairs has changed
> this.
indeed.
>
>> We live in a disposable society. Fashion changes so fast that we buy a new
>> one before the old one is dead. For most of us, cheap is the better
>> alternative overall.
>
> I disagree, in part because the actual costs of cheap gear are a lot higher
> than they appear.
indeed. china cuts prices to below cost on stuff they want to
monopolize. like rare earths for example.
>>
>>> Consequently, there are very few better quality products in the marketplace
>>> and because they are made in far fewer numbers than the cheap crap, the
>>> price on them rises even higher because they don't get the benefits of
>>> large scale production to bring costs down.
>>>
>> Sounds like you agree that the problem is US!
>
> Yes, but I don't have a solution for it. The way free markets work is that
> most people get what they want, and the rest get what most people want because
> that's what there is. This is sometimes great, and sometimes bad, and when
> people want crap it's bad.
i don't want crap. and i'm prepared to pay not to have crap. but my
sensibilities of "how much" one should pay not to have crap really get
tested sometimes. example: i've owned and enjoyed a snap-on ratchet for
many years. it's been completely reliable and has always worked great.
so, a few years back, thinking that maybe i'd get one of the new
[actually useful] 80-tooth ratchets i go online, and find that they'd
stopped making ratchets with quick-release heads. eh? that was one of
the real differentiators for snap-on - why everyone paid the extra to
get them. so the years roll on, and i go online again, and find that
finally, they've seen the light, and brought the quick-release back,
[only for limited parts of the range] but they have what i want, so i
get one.
what a disappointment. the ratchet direction lever now sticks out and
gets snagged on stuff the old one never did. the quick release button
is large and easily depressed - allowing it to release accidentally.
the 80-teeth thing sometimes miss and slip. but the real cherry on the
disappointment cake is it /doesn't/ have "made in usa" stamped into it.
seriously, if i pay snap-on pricing, i want "SNAP-ON - MADE IN USA"
stamped on the damned thing. big time.
and their pricing is way too high. craftsman are not the same quality,
but they're not 30% the quality as snap-on's pricing would suppose.
snap-on need to get their house in order. a classic example of a
domestic losing the plot, resting on their laurels, and paying too many
managers way too much money.
>
>> CEO's are caught in the middle making boatloads of cash.
>
> CEOs serve at the will of the shareholders, and the shareholders care about
> short-term profits.
if there were a strategic political objective of turning the proles into
docile, impoverished, impotent debt slaves, it would be hard to think of
a more brilliantly executed program than our program of
"de-industrialization".
> --scott
--
nomina rutrum rutrum