This looks quite interesting; thanks for sharing.

A related concept is Jugaad - https://en.wikipedia.org/wiki/Jugaad Often interpreted as "good enough" with no connection to Quality at all. Even when the context/environment changes to afford better quality (both manufacturing and cost) quality is never pursued unless mandated by National/ISO standards etc.

One way to maybe understand this is through Robert Axelrod's books; The Evolution of Cooperation - https://en.wikipedia.org/wiki/The_Evolution_of_Cooperation and The Complexity of Cooperation - https://en.wikipedia.org/wiki/The_Complexity_of_Cooperation

But the actors are never fully rational, there is always a clique which manipulates/influences and therefore there is never a "fair" market. Human motivations and behaviour are always the key and so you need Behavioral Game Theory - https://en.wikipedia.org/wiki/Behavioral_game_theory (see book of the same name by Colin Camerer)

Finally, Nassim Taleb's ideas are also very relevant here. Markets work on "Trial and Error" and "Chance", there is no "fair/efficient invisible guiding hand" but only a guiding hand by cliques which have no "skin in the game" when it comes to downsides and "asymmetric risk" benefiting corporate capitalism. But the system as a whole functions because it is somewhat "Antifragile" i.e. the chaotic interactions and successes/failures within the system somehow strengthens the whole.