Valve recently raised the price on the Steam Deck, making the handheld gaming PC cost up to $949 for the 1TB OLED model. While that’s a massive $300 increase over its original price, the Steam Deck is once again sold out.
Valve recently raised the price on the Steam Deck, making the handheld gaming PC cost up to $949 for the 1TB OLED model. While that’s a massive $300 increase over its original price, the Steam Deck is once again sold out.
As we have seen, they won’t and never will. This is arguing for gravity to stop pulling so hard.
The mechanism to fix the problem you’re describing has broken long ago and everyone stopped trying to fix it. Your money needs more choices of where to be spent, then businesses will force each other to price things reasonably. If anyone can name all the companies that make a type of product, then that is not enough companies.
I posit it’s a consumer culture issue.
Look at Temo, Tiktok, Amazon, YouTube; people are bombarded with “buy this on impulse!” every day, 24/7, through notifications. They’re urged to buy high by dozens of influencers they’re bombarded with.
So they do.
And now that’s the culture. Competition isn’t going to fix that, and doesn’t naturally arise in that kind of environment anyway.
I think that’s true. I think that stems from the fact that a large percentage of global consumption is American in origin, and since at least the Industrial Revolution, that country’s culture has been led around by the nose by business magnates to the point that our national culture has remained relatively shallow compared to other nations and is largely centered around buying things, as you point out.
It got so shallow, though.
A long time ago, homesteading was the American dream. “Buy your own property, buy stuff for it, build your own life,” and that ethos extended to industrialization, post WWII (with the suburban boom), and even the 80s/90s.
I feel like that slowly broke with the rise of social media.
The “American urge” went from home/lifebuilding to encouraging short term, FOMO thinking. “Who cares about the future, look at this beatuful person, they’re using this thing and you need it NOW!” is what basically all modern ads say. Though there are some oldschool holdouts like Berkshire Hathaway, most big buisnesses seem to have adopted that mindset for their own decisions, too.
Yep, you can’t fix stupid.
The thing is… I’m lucky enough to be able to afford all of this. In part, because I avoid terrible-value purchases. When the price of something goes up 40 to 400% percent, I say to myself, “Wow, it’d be really stupid to buy that thing RIGHT NOW.”
Too many people apparently lack that critical judgment, and just have FOMO in its place.