this post was submitted on 27 May 2025
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It implies literally the opposite, the rich literally buy more expensive products, and further is about a fantasy medieval society going through the beginnings of the Enlightenment and Industrial Revolution.
This particular phenomena has been noted in more detail as a fact of economics, IE it's expensive to be poor, because the poor don't choose low quality products they have to buy them because they can't afford the larger upfront cost.
https://en.m.wikipedia.org/wiki/Boots_theory