Maybe, but as they say, "Past Performance Is Not Indicative of Future Results." The point was, this process may work up to a point, then it may work more against the interests of the population.
I mean, history is already littered with examples of the downsides of this process, like all the rampant anti-worker things profit maximizers tried to get away with that had to be fought literally with blood. Without that bloodshed it is highly likely the average standards of living of the general population would be much, much lower.
You don't even have to look at history, the process is literally playing out right now in various countries.
> It's not an example, it's a generalization. If you have a specific example, let's have a look at it!
I thought enshittification was a pretty specific example? You can find the many articles written about the various ways things are degrading on the Internet with a Google search (the experience of which is probably an even more specific example in itself ;-))
I chose that example because I think it's a microcosm of this process: in the beginning, the profit motive creates great innovation and products. But at some point, like when the market is saturated or monopolized, the profit incentive creates anti-consumer dynamics because companies turn to extractive methods rather than innovative ones.
Thanks
I don't recall ever seeing USSR products in stores, while plenty of manufactured goods from other countries were. (By products I meant manufactured products, not extracted resources like oil.)
My memory from the period is far from perfect, though, as I was a kid when the USSR collapsed.
I bought some Soviet stuff after the fall of the USSR, because it was unique and interesting. One item was a telescope, one was a brand new rotary dial telephone manufactured in the 1950s, and one was a mechanical clock reputed to be from a submarine.
I'm only sad that I abandoned my phone line (as I only received spam calls on it) and so my Commie Phone is a nice, but useless, desk ornament.
actually there was car export. Google "britain lada". I also remember some south american countries having cars from USSR. Cars were mostly exported to countries that didn't have car production.
>> electronics, furniture, apparel
There was a lot of trade going on, but in most countries local electronics and apparel was the better option.
You have to understand, the economy wasn't that global at the time. A lot of countries had american knick-knacks mostly because american soldiers brought it in and exchange it for local knick-knacks.
Most of the global trade was for materials.
Nobody has found a better process. Not even close.
> As a trivial example
It's not an example, it's a generalization. If you have a specific example, let's have a look at it!
Have you ever wondered why communist countries never exported products?
Also, if you want better products and believe people will want to buy them, go into business making them and make yourself wealthy!