Kerstin Garbracht:
China goes quality
„It's unwise to pay too much, but it's worse to pay too little. When you pay too much, you lose a little money — that is all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying a little and getting a lot — it can't be done. If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that you will have enough to pay for something better.“
attributed to John Ruskin as Common Law of Business Balance
Déja vu?
Germans remember well and British are supposed to, too: the effect of a seal of quality!
As of August 23rd, 1887, Britains happened to implement their Merchandise Marks Act, prescribing that the country of origin must be stamped on any imported goods. Thus they especially tried to protect themselves against cheap products from Germany which, in those days, was developing into an industrialised country. The Germans then used to reproduce British high-priced goods on a level, which the islanders denoted „bad & cheap“. Anyway, in those days, Germans had to work longer and at lower wages, compared to Britains. The latter neither liked the rip-offs, nor the associated underselling. Against this background, the label „Made in Germany“ was born, originally intended to attest poor quality and to safeguard the good reputation of British genuines.
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