The Walton kids figured out the American public was of the same mind.
They would always buy the cheapest product, giving up quality for
price and the best place to find those products was China. They had
their old Little Rock neighbor (and spouse of a former board member)
in the White House to ease any trade restrictions so off they went to
China looking for cheap products. The rest is history. WalMart went
from an also ran, regional chain store to the biggest retailer in the
world in a decade.
It really doesn't matter whether you look at retailers, airlines or
computer systems, we seem to be giving up quality and service for a
cheap price. Buy it cheap, use it up and throw it away.
I agree with you, basically. The issue is that cheaper isn't
necessarily better when it comes to the public welfare. That's why I
don't believe corporations can possibly do the right thing in that
regard... at least not without appropriate regulation and oversight.