alt Hacker NewsThe answer is competition. Quality declines when companies no longer have to meaningful compete in the marketplace. The only other solution is regulation and force quality through punishment for noncompliance. Competition works better.
The answer is competition. Quality declines when companies no longer have to meaningful compete in the marketplace. The only other solution is regulation and force quality through punishment for noncompliance. Competition works better.
Competition partially causes this though. When you have 100 brands selling the same thing it became a race to the lowest price.