Topic: World is full of things what nobody dont need just too much - page 4. (Read 719 times)

Indeed, many people are too skeptical of new things, even they have not used it.
In context, when we refer to a new technology like Blockchain, it looks strange and people don't understand Blockchain enough.

Blockchain or some new technology in crypto is bad news for those who don't like freedom.
Even the government will not be too supportive with decentralization.

But over time all of that will be needed and used as new ideas to develop and build new projects.
Now things that are not really needed finally become a starter that will give birth to many new projects.

Well, most of the time, when someone invented something new most people think they don't need it, Internet, Blockchain, there are so many people skeptical about those, yet as the time goes by, we can't live without Internet, and now we shill blockchain. Other thing is that factory and producer don't just produce a product that people don't buy, the reason why they keep producing those suppose to be 'a product that nobody needs' is because people keep buying. And about the luxury goods, most of those luxury goods become luxury are because they are rare, if you compare the amount of those luxury product vs the non-luxury products you will realize that non-luxury product is dominating the market. Let's just say that there are 1 Lambo for every 20-50 Toyota Cars maybe more.

People use things according to their means, those who can afford to buy luxury cars or those who can afford to drive luxury cars can buy luxury cars. If we think we can't afford to buy a luxury car or we can't afford to wear expensive brand clothes then there are alternatives for us. You can buy a car as you can afford it or you can buy clothes as you can afford it your freedom and no one will stop you from exercising your freedom. If you drive a relatively cheap car no one will tell you why you are driving a cheap car or if you buy cheap clothes no one will tell you why you are wearing cheap clothes it is entirely up to you. The world has both the need and demand for luxury cars as well as the need and demand for relatively less expensive cars so there is nothing to consider one less important than the other.

In terms of food going to waste, I agree with the op. It's a well-known fact and it's very shameful that that's how things are. But as for cars, a Lamborghini can't cost $50 because there's a cost of materials and the work that is put into it. Also, the prices for items that are associated with prestige can remain high because people are willing to pay more even if reasonable alternatives are available for less (iPhone is a good example of that).
Another thing to keep in my is that things are very different for people depending on their financial status and the country they live in, so oversupply, wastefulness and all that aren't prevalent everywhere.

Apart from that, we also have to find out about the causes of the excess supply of each item that is currently needed by many people so that prices do not continue to decrease for each item that is experiencing an excess supply. Because this will make it difficult for traders to continue selling traditionally in the market, so we as a society need to find out about the causes of this so that not many traders have to go out of business because of excess supply. Because excess supply of many goods can also worsen economic growth in the country.

I don't know your problem about luxury brand but this is my answer.

Why don't you try to donate your clothes to the homeless, or open a garage sell if you want to earn money. There are plenty of options you have but you only want to complain, I guess. You can't stop people from creating what they want, they wanted to earn money like everyone does. We're all trying to survive on our daily basis so it's better to mind our own business. I get your point being an environmentalist but rich people will do whatever they want just to expand their businesses, even if it means destroying mother earth.

Look at it this way, if they only produced authentic goods, not everybody would be able to afford them because the cost of producing such goods are much higher and with a higher cost of production comes higher prices.
People who buy goods that gets bad within a short period but what they can afford.
The producers are in the business to make profit and not everybody can compete with the big companies that produce the most of luxurious good. For example, not every company can produce a car like Lamborghini or Ferrari so they produce within their budget and not everybody can afford to buy Lamborghini or Ferrari so they buy what they can afford.
It's still demand and supply. If people don't buy the lower budget goods, there won't be production of those goods.

This also happens in my country, where many people always prioritize style over their basic daily needs, also they are not aware of their limited financial situation. Many young people are currently competing in style because they want to be seen by many people, maybe it's to appreciate themselves, but unfortunately there are some of them who borrow money just to buy luxurious goods for the purpose of being seen by others and maybe want to get praise from others, even though not everyone will judge it positively. There are even rich people who have a lot of money who only look sober without prioritizing style, but it is human nature where they have a prestige that makes them embarrassed maybe if they look sober.

"Difficult economy, elite style" is indeed a pat on young people today who always prioritize style in their daily lives, not a problem for me but I am confused by those who are willing to make loans just to meet the current trendy style. If they force themselves to be stylish because of the prestige that young people currently have, it will only torment them, especially financially. So I don't think they have to be prestigious or ashamed of what they have, just enjoy it, don't care what other people say.

Things in your basement have nothing to do with the rates of the same things in the market because you have bought them from the market and keeping them in your house now, they were brand new when you bought them but things that are bought by one person and sold to another person is called second-hand and not new, and second-handed things don't carry the same value but people, or I should say most people, especially if they have money, don't like buying things that are used or even if not used but bought by someone else from the store first.

So, a brand manufactures a specific amount of a certain product, and they know the demand for their brand and products so they price it according to that. If a brand manufactures a lot of products that are not demanded by their customers, they will be compelled to sell them cheaper so that people buy them. That's how the demand and supply rule works and not that there are a lot of things in the world so the prices should reduce.

Also, just because brands keep manufacturing new products, the prices will not decrease because there is a thing called upgrading, which means that the designs and stuff keep changing, and people don't like old ones anymore so they lose value and new ones are priced higher.

The world is full of things but there are different type of individual some of them cannot afford to buy these things or on the other hand there are some people who have excessive number of these materials than their use. All individuals are not of a similar status so their uses and necessitated are also different.

World is full of these things but people are also using these things abundantly like if we talk about luxuries so people who are rich utilise these things for some duration and then exchange them with new one while there are also middle class families who cannot buy new branded things so they prefer to buy used one.

it is necessary for us that if our home is full of cloths or something else which we don't need further then we should give it to needy people because there are some people who needs these materials but unfortunately they cannot afford to buy it.

And the problem is that there are still people who impose their will just because of prestige or envy of others. Where these people are economically and financially far from stable, even to fulfill their needs and desires, they have to take out loans.

"Difficult economy, elite style" are the words that are appropriate to describe them. And in the end, this practice will only make them miserable.

And departing from this, then never even try to compare what we have with what others have, because everyone has their own limits. Someone who is wealthy can buy a luxury car and can also buy expensive things. Because they have a large income, so it is not a problem. But when we force ourselves to do the same, then this will only torment ourselves because the income we get does not match what we want. So the main thing is not high prestige, but high income.

Ok, I got your point, which is we should not overbuy anything, just like we do in trading when we are newbies, we overbuy a token in the hope of gaining more profits but end up losing more. Same like that we should never overbought either its clothes, phones, laptops, or any other daily life accessory. I have a phone but my mind saying to me to buy another one while there is no need for it, I have enough clothes but I desire to buy more, the same goes for every other product that we use in daily life.

But, I control that feeling by investing that money into some other token or asset, Mostly in crypto. that's how I save my money from wasting it. This won't work for everybody so find your solution on your own.

But what I did not get is this:
I mean when the rates are lowering, means decrementing, mean decreasing, the price does fall, I mean that's an obvious thing,

Traditional economic principles dictate that when there is an oversupply, prices should fall; nevertheless, the current surplus has a practical challenge-finding room for these things. This issue extends beyond tangible items to encompass fancy automobiles and even gourmet meals, resulting in an unexpected abundance. The imminent likelihood of interest rate decreases adds another dimension to the complicated issue as we navigate this age of excess, perhaps worsening the task of managing and disposing of the surplus.

I'm guessing that OP must come from a wealthy family or is very rich that he doesn't understand that because he has and sees food, clothes and luxury items in abundance, that there are millions of people who don't have food to eat, clothes to wear, not to talk of the privilege of owning luxury items. For his information people still buy second hand clothes, cars, household items and they're grateful for it, so having these things in abundance shouldn't make anybody to feel that life is that rosy everywhere.

This is the mindset of some people who are brought up in a palace, they think that life is a bed of roses, they should go to the other side of town and see what hard life is about.

That's overproduction, there are not enough people to consume the product which leads to more supply than demand. The law of supply and demand describes the changes in the price of a product due to having more supply that circulates in the market.

The reason why producers continue to create low quality products is because people still purchase those kinds of products. It is a cycle that no one can prevent. As long as there is a demand, people will always find a way to make a profit out of it. Even if it's a low-quality product, as long as it is cheap, people will still buy it.

This world does have many things, from cheap to expensive, from old to new, even from well-known brands to unknown brands. But that's the way this world is, everything keeps improving to make it better. So our job as humans is only to choose these items, and buy what we really need.

If, for example, we need quality, it means that nominally the money will definitely be more expensive. and if for example we choose goods with standard quality, it means the price will definitely not be too expensive. So in essence, if you think that this world has a lot of things that are not very useful, maybe from your point of view that is correct. But if you look at it from someone else's perspective, it might be different.

Okay if understand OP very well, he is saying that there is a much more produces that are more than consumers and demands and basically people like him just buy more than they are needed same as others too. Meanwhile.... There are less privilege people who are in need especially on the essential commodities and the quantity of productions is flooding everywhere taking and occupying irreverent spaces irrelevantly including the wastes and useless materials littering everywhere unnecessarily and the government is not doing anything to fix the situation because they are seen messed and uncalled-for.
But OP, if more products are not produced, how are we supposed to restock at when needed just as you said... You buys clothes on every Christmas and some gets old so if once you get old and there is non to buy in use, how do you tend to do about it? Going like the Adams I guess. And in the first place, why would you purchase more than needed?
The reality truth is that surplus products is necessary because demands increases on daily basis.

So why don't you also look at the agriculture and instigates farmers should stop farming Maybe because the world has accumulated more than can sustain lives til eternity.
Why not talk about those who still gives birth maybe they world is filled up and no space to accommodate more people.
The variety of produces also has varieties of demands so just go and afford what you can and as much as you can at when you can.

If you don't need new items, you don't need to buy them. These companies always release new items to attract the attention of their fans, especially if the items are limited.
We are the ones who should be blamed because we buy things just for our lifestyle. If we don't follow the lifestyle, that is also okay and there will be no accumulation in each person's house.
If you no longer need your old items, you can give them to people who need them and they will be happy to accept them because they need those items.
Just let the companies release their newest items to make a profit. If people realize this and choose to save money, companies will definitely think of other solutions.

Yeah, you can't really bank on most goods being "lifetime" quality in current economy. It's not only about resource usage - it's also about workforce employment and distribution channels already created. Would basically lead to a huge flop regarding workforce and a lot of unemployed.

Basic idea is: imagine right now you gotta remake the same 30 items every month(demand and supply). It takes 1 worker to make 1 item 1 day. So if you suddenly switch to only needing to remake the item 10 times due to it having higher quality and lasting longer. Well, now to keep same 1 worker occupied he needs to spend at least 3x more time creating said item, otherwise his position is most likely going to get shut down. And you can transfer all of those issues to transportation(delivering of said item), marketing it to people (Good example would be amazon model, you have companies like Weby Corp that do listing creation/optimization and advertising companies), etc.
One of the folks I know had a theory that overall lifetime of tech had to go down for the economy to be able to support production of said tech, since if you'd be able to buy a PC and have it work for 20 years, then you simply wouldn't have cash flow to improve parts as fast as we did. That's why in 90s buying PC would last you a good 5-7 years, and those days PCs are obsolete after like 2-3. Progress in improving is just too fast, since competition is high and cash flow is insane.

People who buy more luxury than they can use, make money that may be toomuch to spend before another earning cycle. It's good to give out items and property we no longer use, but not all humans think alike in this regard. Donation to charity organizations, NGOs, orphanages would do better to disburse such unused property to those who need it most.

Perhaps, people don't know how to give out their old or unused property because they have built walls around themselves and the economic difference makes them have no close friends or friends at all who aren't in their earning class.
If a campaign is done to create an awareness on how to collect and redistribute this unused things for a certain stipend or for free, am sure people will take advantage to remove what they no longer need or use.