This plays out in all sorts of ways that you’ve probably encountered in your daily life. Sometimes, capitalists sell products that are deliberately intended to wear out quickly and require frequent replacement, a tactic known as “planned obsolescence.” Sometimes, a product is deliberately made worse in order to sell the same product at multiple price points, a tactic known as “product crippling.” Sometimes, capitalists deliberately destroy useable products they failed to sell at their desired price rather than allowing them to be sold at a cheaper price.
I just came across this Bloomberg article today about capitalists attempting to offload their investments in solar power production in Spain because they accidentally made solar power too abundant. They did too good a job; there’s simply too much cheap, clean electricity. People’s needs are being met. They can’t turn a profit.
https://archive.is/uzAwG
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