alt Hacker NewsI disagree that it is what people want. Nobody wants a smaller chocolate bar for the same amount of money, more cramped seats, washing machines that break and need constant replacement, etc.
Massive corporate consolidation means that when you're looking at the rack of chocolate bars there's a good chance that just 2 companies made all of them. You have the illusion of choice.
None of this happened over-night. It's a slow steady financial optimization in all industries all at the same time. It's very hard to vote with your wallet when there's very little difference.
If there is a sustainable market for higher volume/quality/durability products for a higher price, it is in the interest of companies - new and existing - to capture it, as by definition they would profit from it.
Consolidation alone is insufficient to explain such a gap under the assumption of profitability.