Earlier quoted context omitted.
You're advocating the Broken Window Fallacy. http://www.investopedia.com/ask/answers/08/broken-window-fal...
I'm kind of skeptical about this alleged fallacy, where I have to admit that I'm not an economist. The usual formulations of it seem to be something crucial missing. I've heard that many producers of goods deliberately introduce failure points, e.g. in electronics by using cheap solder or capacitors with a limited lifetime. Buttons also fail way too easily. Or think of batteries that cannot be replaced. Do they all c…
Building to last means high up-front costs, little flexibility (think of the Empire State Building and how much it must have cost to install air conditioning in it), but beautiful products with low total cost of ownership; throw-away goods are low on up-front costs, and they make it easy to respond to new technology, but they have a high total cost of ownership and they tend to be pretty ugly as well. A society which focuses on quality will be wealthier and more beautiful (look at Europe's low GDP and high standard of living), but one that's constantly rebuilding junk will be more equal; every 1970s Volvo still owned by an old-money family in 2016 is a Ford assembly-line worker without a job, or thereabouts...