Earlier quoted context omitted.
Everything has become a lemon market: https://en.wikipedia.org/wiki/The_Market_for_Lemons Even if a brand stays solid for 100 years, for all I know as I'm standing there in the store deciding whether to buy something, private equity bought them two quarters ago and hollowed them out. Harvard MBAs/private equity sees brand reputation as just another resource to be converted into money. If I were a billionaire my dream…
People blame MBAs a lot, but most CEOs are Engineers or Economists by training.
Even back then, long before the word "enshittification" was coined, it made me squirm.
It did make a bit more sense back then. In the early 20th century there was a lot of utterly massive overproduction that greatly increased the price of some good for everyone while not giving improved service. I recall a house a relative had, which has about an 18"x18"x12" cast iron grating to distribute forced air between two floors. Unbelievably overproduced for the purpose. In the 1990s quality was still decent, and overproduced in some areas. But the trend was clear, and yea verily these 30 years later, it most certainly continued.