Conspicuous Consumption

Sorry but what happens is that something new comes along, whther we need it or not is a different matter. In the meantime it is bought by the rich, there is limited supply and high price. Once the goods have been bought by the rich then production is increased, the quality reduced, the price reduces until the poorer can afford the good, on the basis that the rich have it so to keep up then the poor want it, whether they need or not. A problem of advertising, and conspicuous consumption.

So, the good then reduces in price until such time as it is no longer worth while producing it. So, production is stopped. In the meantime the rich do not like owning a good which is being sold to the poor so they go on to the next big thing. So the poor also realise that they now own something which they never really needed so they take it down the recycling plant where , well you get my drift. In a hundred years time the good appears on the antique road show where it is sold for £500,000 or Empty your Attack where it is sold for a fiver.