Market division and suppression of innovation

Companies that sell products to the public have to follow a fine line. 

On the one hand, they need to sell stuff to make money, and the way they do that is by making a good product. 

However, if their product is too good, then people might not need to buy it again, or at least not for a long time. 

Almost 100 years ago, a consortium of industrialists plotted to make their products worse just so people would buy more of them.

Learn more about the Phoebus Cartel and planned obsolescence on this episode of Everything Everywhere Daily.

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