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Want Creation and Planned Obsolescence - Coggle Diagram
Want Creation and Planned Obsolescence
Want creation
Firms want to control demand for their products
Planned Obsolescence
Types of planned Obsolescence
Style - Keeping up with trends and preferences of other consumers. People want to keep up to date
Psychological - Desire to not be inferior to others so purchase up to date products even when not needed
Functional - Items functionally become out of date due to new technology
Systematic - Make older devices incompatable with new games and devices causing consumers to replace products
Economic - Product breaking just after guarentee with high breakdown costs.Better for consumer to just buy a new one rather than fix it
Ecological - Improvements to make things more energy efficient, cauing consumers to purchase as they believe they will save in long run
Neoclassical view - Firms want to profit maximise so use cheaper raw materials. Therefore products break more easily so consumers have to purchase them again
Institutional view - Controlling revenue streams so items become obsolete before its meant to causing consumers to have to buy the product earlier than they wanted to
Advatages
Profits
Job creation/ sustainablility
Technical progress
Economic growth
Disadvantages
Bad ethics
Resource depletion
Greater energy use - global warming
Deliberatly dishonest
Swindling consumers
What could be done?
Information - Call out firms and force them to be aware of product life cycle
Education - People can learn how to fix products rather than having to pay
Law - Create laws to maximise the length of guarentee and make businesses take the cost if it does breakdown before then
Simplify - Stop buying unnecessary products
Theorists
Kapp
Kapp 2000 - "Firms socialise parts of the cost of their production "
Social cost can be defined as anything that constitutes damages caused by the pursuit of profits in which businesses shift parts of their costs of production onto society
Kapp 2000 - "Firms privatise profits and socialise costs"
Subreption, planned obsolescence, socal cost and the predetor state
Planned obselecence forces consumers to buy entirely new products instead of replacing relatively cheap parts
Results in: an increase in the amount of waste produced by society, premature depletion of resources, pollution of ecosystems