My problem with my example is with the individuals in our society.
I honestly have no idea why people still want to buy the newest models of phones since they don’t really bring anything new to the table.
But, in my opinion, it’s a failing of the individuals rather than a failing of an economic model. There really is no negative for a company to release new models with minor updates if there are enough dumbasses that will give them money for it
But the model creates incentive to not do something new, which you had an issue with. There’s incentive to not shake things up too much. They just produce the same crap each year with a larger number in front, because that’s the most profitable thing they can do. It isn’t to see what they can change to improve it or create something entirely different.
My problem with my example is with the individuals in our society.
I honestly have no idea why people still want to buy the newest models of phones since they don’t really bring anything new to the table.
But, in my opinion, it’s a failing of the individuals rather than a failing of an economic model. There really is no negative for a company to release new models with minor updates if there are enough dumbasses that will give them money for it
But the model creates incentive to not do something new, which you had an issue with. There’s incentive to not shake things up too much. They just produce the same crap each year with a larger number in front, because that’s the most profitable thing they can do. It isn’t to see what they can change to improve it or create something entirely different.
They like it and it does something they like, or their old one wore out and it’s the most interesting one available.
Is needing a new thing because your old one wore out, “being a dumbass”?
Really you need some help for your depression if you can’t imagine other people being happy with something.