Earlier quoted context omitted.
Sure, but you'd buy once and that fridge problem was sorted for a few decades. Over the long term you paid significantly less because you weren't replacing a broken fridge every few years. If problems did crop up appliance repair was a cost effective long term fix. Ain't designed obsolescence a wonder?
I think the point is more that you can buy expensive fridges today that could last that long - people don't because they care more about spending less on a fridge.
I don't think so. First of all, there are lots of quality improvements that could make life longer, at almost zero additional cost per unit. Also, repairability could be improved.
Second, there is an ecconomic problem with information asymetry - while I know the pricetag, I have no idea what the life expectancy is. So you get https://en.m.wikipedia.org/wiki/The_Market_for_Lemons ; that's not the customer's preference.
The latter could be possible to fix if we mandated producers to publish "expected usage per lifetime" (MTBF) numbers and also show price/usage ratio to customers.