I was going to share the same thing

The only major difference is the sam vines theory is from the perspective of a poor person.

But essentially the same

This worsening is enforced by keeping people poor - poor wages, make basics more expensive, while the rich as usual walk off with the astronomical margins.

Yeah, while agreeing with the larger socioeconomic point of the article, the post’s second sentence isn’t correct. My Tom Bihn is coming up on 20 years old and looks and functions almost like new. Take it as underscoring the article’s point, and pointing a way out: a small, independent company that’s not so growth-focused •can• do better, but it’s Dave vs Goliath.

https://saltwaternewengland.com/2023/03/the-lifecycle-of-clothing-companies.html

That said, it is also much easier for consumers to research and the time window for PE to milk a brand for all its equity while they run it into the ground is growing ever shorter.

As for this iteration: it is exactly the same in the luxury brand segment – look up LVHM (Louis Vuitton)

Then again, my jokes aren't always blooming with effervescence.

Yes - they also have other models - even some waterproof ones.

I checked and the company is own by small and local shareholders.