The world would have been a better place if we hadn't been allowed to flood the market with cheap crap. Not only it creates enormous waste, it also means that reputable brands now start to cut corners in order to compete with cheap no name crap.
No. Really not much at all.
The US cut 330 million or so people out of a market of billions setting it up so the rest of the world starts getting a competitive advantage over the US.
>it also means that reputable brands now start to cut corners in order to compete with cheap no name crap.
LOLOLOL. You do not think like a capitalist. They didn't go "oh no I have to cut corners". They saw they could cut corners on costs decades ago. China has been building your name brand products for as long half the people on HN have been alive. If you look at Tiktok now, they are out right showing the factories building products you are paying hundreds/thousands for in the US for 20-50 dollars.
The US screwed itself with huge consolidations and rent seeking behaviors. We are paying huge amounts for products and not getting the value we deserve.
Don't get me wrong. I'm in favor of direct access to overseas markets, rather than local distributors slapping 200% margin on Chinese sourced/produced items that you can buy from AliExpress. But I'm not in favor of flooding the market with cheap, toxic, unsafe, non-lasting crap that ends up in landfill in a few weeks or days.
So no, I don't feel sorry for Temu.