What about the "craftsmen" on Etsy? Are they even real? Or, I could pay $5000 for an individual, local, physically extant American with a name and face to make it from scratch, which I would love to be able to afford.
So I pick one at random off Wayfair that claims to be made of solid wood and has a price that is neither suspiciously low nor suspiciously high. Maybe I've just bought cheap boots, but it's insane that I don't even know.
I don't know at all how sure I'd be that what I'd get was good quality if it was turning up from the far side of the country, let alone from China. I know anywhere could make high quality products, but it's much easier to trust it when you can walk there and go see them.
The meta-lesson of the Vimes theory is really more that you need to think about these things, but it's not guaranteed that the expensive thing will be better in the longterm on a bang-for-the-buck basis. For furniture, there is something to be said for the technique beloved by the just-starting-out set of buying "whatever I scrounged together from garage sales", and there's something to be said for "I outfitted my apartment from Ikea". Yeah, it's cheap and one way or another you're going to pay for that cheapness, but it's so much cheaper than the alternative that as long as you aren't practicing your wrestling moves on the Ikea end tables, you can get a long way with them even if you're replacing them every 10 years.
And, per your last point... at least when you buy cheap, you know you bought cheap. I found myself in need of a dining room table light a few years back. We went to a lighting store and I stood there staring at all the bespoke LEDs that I knew would die and couldn't be replaced, and the multi-thousand dollar lamps that looked nice but I simply couldn't know if they were quality... and ended up buying a $15 dollar extension cord with 5 light sockets on it, bought some light bulbs to put in it, and wrapped the cord around the remains of the previous what-turned-out-to-be-proprietary track lighting. We decorate it for the season with various ribbon things to hide the cords. Because damn it, if it's all just going to fail anyhow, at least I knew I could replace the lights with whatever I wanted, and it cost me less than $100 all in. We've had that for, gosh, I think at least 10 years now, and I've probably cycled the lights at least twice now, but that's probably still under $100 total... all because I simply can't trust the expensive stuff.
Not anymore. The real craftspeople were booted from the site, by the cheap knockoff-spewers.
There are cases where spending more gets you a more premium product ... but in so, so many cases it's just like you stated. You spend on luxury, and the "nice" speakers have the same terrible PCB design and fail in 1-2 years, or the "nice" skilsaw ends up failing way too soon, etc. A brand used to be good, but now it's terrible, and you have no way of knowing. It's all a mess.
https://www.reddit.com/r/Boots/comments/1oyxfuo/what_do_you_...
That said, I like watching him for validation that my taste is good, since I bought Lems' shoes before he started plugging them.
I’m just amazed that they don’t even bother to use alternate product pictures.
Quality isn't the only reason something may be expensive, and costly signaling will always dominate, whether or not the products are of high quality.
Silver isn't a better material for making jewelry than stainless steel; if anything, it's worse. Jewelry's purpose is to show that the owner doesn't care about costs, but it's not the only way. Buying needlessly expensive technology works too, like cars and computers and phones, and the more expensive ones are not known for lasting long, and they are used for much shorter period of time than a cheap version of the same, despite the cheap one being hardier and longer lasting.
Not to mention it also assumes you have the space to store those products.