How much of the developed world’s economy is devoted to aesthetic personalization of products rather than accomplishing the essential functions of [product here]? I am not saying aesthetics or personalization are ‘bad’, however I suspect that if the cost were quantified and demonstrated to people along with examples of more productive things that could be done with that money, many people might prefer forgoing some of our more wasteful things.
Example: The cost of having thousands of different styles of sink faucet, instead of a small number of highly efficient and optimized faucet designs for distinct use cases [small household kitchen, large household kitchen, small form factor, high throughput restaurant]. These costs are created via the overhead caused by the redundant costs of engineering, design, manufacturing, and logistics. These same factors apply more or less to every product where variations are sold primarily for aesthetic rather than functional purposes, particularly when they replace existing functional versions.
I believe the root cause of this inefficiency is our psychological tendency to overvalue ephemeral utility such as using possessions as social status tools rather than trying to optimize how we collectively use our limited economic output. For example, if a sizeable portion of the money in the market for functionally useless decorations were able to go towards medical research.
I do not know how a more efficient allocation of resources could be practically enacted. According to my understanding most attempts at centrally planned economies have even less success than the free market, as inefficient as it is.
If a large portion of people decided to prioritize their purchases better that would work, but that’s obviously a very challenging coordination problem.
How much of the developed world’s economy is devoted to aesthetic personalization of products rather than accomplishing the essential functions of [product here]?
I am not saying aesthetics or personalization are ‘bad’, however I suspect that if the cost were quantified and demonstrated to people along with examples of more productive things that could be done with that money, many people might prefer forgoing some of our more wasteful things.
Example:
The cost of having thousands of different styles of sink faucet, instead of a small number of highly efficient and optimized faucet designs for distinct use cases [small household kitchen, large household kitchen, small form factor, high throughput restaurant]. These costs are created via the overhead caused by the redundant costs of engineering, design, manufacturing, and logistics.
These same factors apply more or less to every product where variations are sold primarily for aesthetic rather than functional purposes, particularly when they replace existing functional versions.
I believe the root cause of this inefficiency is our psychological tendency to overvalue ephemeral utility such as using possessions as social status tools rather than trying to optimize how we collectively use our limited economic output. For example, if a sizeable portion of the money in the market for functionally useless decorations were able to go towards medical research.
I do not know how a more efficient allocation of resources could be practically enacted. According to my understanding most attempts at centrally planned economies have even less success than the free market, as inefficient as it is.
If a large portion of people decided to prioritize their purchases better that would work, but that’s obviously a very challenging coordination problem.