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Planned Obsolescence: The Basis Of Our Economy?
Products are given a limited lifespan and fail thereafter. In this way, consumers have to keep buying new products. This ensures that there will always be a market available for exchange of goods and currency. A good example would be a printer with a count chip to make it fail after printing a certain number of times! The video is a popular Youtube video "The Story Of Stuff", planned obsolescence is highlighted at 11:35 in the video. Overall, Annie Leonard. Click here for an article about planned obsolescence by The Economist. This is not financial advice. Please consult a professional advisor.
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