Based on the excerpt from this Discworld book, what other items do you use regularly that would fit in this theory? (Boots and shoes are fair game!)
Text transcript for people who want it:
[The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money.
Take boots, for example. He earned thirty-eight dollars a month plus allowances. A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars. Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles.
But the thing was that good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that’d still be keeping his feet dry in ten years’ time, while the poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet.
This was Captain Samuel Vimes ‘Boots’ theory of socioeconomic unfairness.]
Bonus: suggest ways you can repair/restore your item/other people’s items.
My problem is I don’t know what products are expensive because they are good, and what products are a scam. No idea how to even search to find out either.
Oh easy, I just check for a thread on reddit where two guys are at each other’s throats arguing the merits of different crescent wrenches
…oh, wait.
Certain combinations of letters stamped on a wrench can make it turn bolts quicker.
Source: I am a mechanical engineer the likes to make up things for a joke.
Find people on the internet who seem similar to you and see what they did and what the result was, see what the best result was and do that. Takes a long time, and may or may not be worth it, but for expensive purchases it may be.
@H3L1X reminds me of one rule from woodworkers/DIYers – buy a cheap set of tools, when one of the tools breaks, replace that one tool with a more expensive one (upgrading based on use)
That is true, I do quite like that rule.
Boots, shoes, clothes, technology, cars, houses, furniture.
Everything.
Car repair. Towing and fixing a car with a ruined engine is ten times as much as doing regular maintenance. And it’s not just the dollar cost of oil changes and belts: When you are better off, you have the free time to run that errand to do those things.
Dental care, for almost the exact same reasons.
General healthcare has all of those factors PLUS if your general health goes bad you may not be able to work so now fixing it is expensive and you have no income.
Car
repair.Sorry, I usually don’t make these shallow comments. But cars are just another way to accumulate money for the rich few. Transportation is the boot, and we can’t afford good public transit and international railways.
Sorry, I don’t think I fully follow. Would you care to explain how cars are a way to accumulate money for the rich?
He didn’t predict how bad it would get. Corporations have been at war against the concept of ownership for the poor and middle class. Everything is a subscription now so you can’t even own anything and housing is too expensive to buy, you can only rent.
Problem now is “luxury” brands, which is the same shit quality at a huge markup. Quality is often not even a consideration for producers these days.
Food.
If you don’t have much money then it can be a lot harder to eat healthily, due to cost of fresh ingredients and time to cook, which is time you may not have.
This can lead to eating a lot of unhealthy and processed food, which then causes knock-on costs later with poor health, illness, and medical bills that aomeone with the money to eat healthily might have been able to avoid.
I think the “time to cook” is the kicker here. Healthy food is really much cheaper, but you have to buy ingredients to cook with, not ready-to-eat or close to.
Things like dried lentils, beans, rice, etc are way cheaper than even inexpensive canned. In-season produce or frozen counterparts, too.
I think so many people underestimate the value of time.
Renting a house/appartment vs. owning is a pretty big one, same with renting vs owning most things.
Nice tools vs cheap tools. It really does seem to be everything, from clothes, to tools, to food and healthcare.
GNU STP.
add insult to injury, banks not approving loans for homebuying even when the mortgage payment would be less than the current rent …
GNU STP.
@sunshine It’s very true. There are ways to break the cycle but being poor often means also not having the time to fix or pick up stuff. I have been living of a low income for years now. I think like 80% percent of the stuff I own has been free or second hand.
Clothes dryer, washing machine, dishwasher, oven, microwave, furniture, clothes etc. etc. Sometimes it’s tedious and frustrating.
But I also didn’t have to work full time or two jobs just to buy all that crap new.
It means I get to spend money on good shoes for me and the kids. Good mattresses. New clothes for the kids because social pressure dictates it. Food.
The rest I build, repair, trade etc. etc. If this capitalist society collapses I’m fucked, off course.One of the interesting things about the second -hand market is that really good quality items survive two or three owners even, so someone who is knowledgable about quality items or who takes the time to research before getting things can actually be getting significantly better stuff than someone who is buying new.
That being said, being poor makes it hard to have the time or have the opportunity to learn about what is good vs what is bad quality. And people can get really ripped off by vendors who are selling bad quality but making it seems like good quality.
@Otakat Yes. Sometimes it’s very specific. I burned money on items that where damaged beyond repair but looked ok on first glance, or just from a different production run that had terrible quality control.
At the moment, mostly due to inflation, people with better income have discovered the second hand market. Which leads to increased prices at thrift stores and online marketplaces. Sometimes the prices in thrift stores are higher for cheap made in china stuff then getting it new in “dollar shop” like places. It’s bizarre.
I always thought that laundry was the best example of this.
Poor people go to the laundrette, which is expensive over time and time-consuming.
Less poor people buy cheap washing machines which are expensive to run and break sooner.
Rich people buy highly efficient washing machines which are cheaper to run and last for years.
And on top of that poor people buy cheaper clothes, which wear out sooner (as with the boots example) and dry their clothes indoors on hangers which, again, takes longer and also creates damp, unpleasant living conditions!
EDIT: Typos.
I agree with your point, but a lot of the more expensive washing machines are not that reliable, and expensive to fix. I had to spend $200 on a refurbished circuit board. They had a whole business dedicated to repairing those boards. Usually cheap ones have simple parts that (used to be) cheap.
I had no access to laundry machines for a while and did my laundry camp-style. (Bucket and sink plunger, then hang to dry). My clothes were so clean and lasted so much longer. It was shocking to see how much better washing by hand and line drying was.
It takes longer, of course, but that was mainly the drying portion of the process. The wash took very little effort since you are leaving the clothes to soak for an hour or two and a couple minutes of mushing them around with the plunger. I yearned for a laundry version of a salad-spinner to hasten the drying. Getting excess water out was a bugger.
House. If you can afford to buy one, it is much cheaper than to pay rent over decades.
Training. If you can afford to not earn money for a few years, training in a valuable skill will earn you much money.
More training. Sometimes you just need to stop earning money for a year.
Tools. It may be hard to choose good tools, some are overpriced for no good reason, but tools you work with instead of working around is a productivity booster.
BTW, this theory has a name in socio-economics, it is called the “poverty trap” (aka “it is expensive to be poor”) it is not as much how the rich get richer (there are a lot of more salient mechanisms there) but more about how the poor remain poor.
The explosion of dollar stores in the U.S. is like a boot that keeps pushing stomping on poor people to ensure they have to way out and this theory perfectly describes the situation.
The way forward is not to replace dollar stores with Targets, it’s to move beyond capitalism and it’s base of exploitation and move toward a base of cooperation.
Some ideas:
- Make and grow stuff (food, weed, soaps, furniture, etc. and give it away, consume stuff your neighbors make and grow. Everything you avoid buying is power you don’t give to the capitalists.
- If you have money, help those that don’t to buy quality boots (without seeking to profit, such as from a loan)
- Fix things, value things not for being brand new, but for working and having history.
- Buy used (tho if you have money, take care not to buy up all the nice things at thrift shops leaving the scraps for those who the thrift shops are their only choice)
- Become reslilient at the community level - start out by making friends
In a somewhat paradoxical fashion, it would be cheaper to buy and own many things over an extended period of time versus renting them. However, pooling resources to buy just one of something and have it be accessible to a community seems like the more ideal sustainable approach… But we also see perversions of the ‘sharing’ model with things like ride-sharing and AirBnB. Just something some of the comments (i.e. on laundry and tools) made me think about.
One solution to that would be to buy stuff on credit, so you cut the financial pooling into parts, but that has it’s own issues.
worse when a company puts out a durable product at a decent price, watches it become popular, then issues an “update” with crap durability and higher price
- REI Adventures pants
- Teva Mush flip-flops
I still have those classic REI pants from over 20 years ago. They’ve been incredibly dependable in normal usage. When they finally required some maintenance tailoring recently, the tailor remarked on the excellent construction and fabric, saying “you can keep these for a long long time.” “I have,” said I, “and I will.”
Or vulture capitalists buying or taking over a brand with a good reputation for quality and durability and trashing them for a couple of years of profit. Always check for this when trying to BIFL.
The mushy flipflops!! I can’t believe I forgot about those things. I had a pair as a gift when I graduated and they lasted me years. Once they died I wanted a new pair. Coughed up for the same brand and they…leave weird black rubber bits on everything.
Here’s my example: Nice Hoka shoes are typically 100$+, but Sketcher’s Work Sneakers are ~40$. The Hokas would last a lot longer and be more ergonomic, but that price is way out of my reach. The Sketchers get disintegrated by a year of use.
What I do is add arch supports and gel shoe inserts (9$ iirc) into the Sketchers, and replace those when they wear. It adds about two years of life to the shoes! :)