"The more we look at the marketing strategies adopted by the modern manufacturers of luxury goods like wine, automobiles, and even five-bladed razors, the more we see the manipulation of social norms substituting for real product development, and the more we see companies’ cost bases shift toward advertising and away from R&D."

Blind Taste / Robin Goldstein» Blog Archive » More on bicycle prices: but what about the common people? (via sleuth)

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