Reply To: The European Hernia Society’s relationship with major medical device makers
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Good Intentions, business models are an interesting topic for me. So far the mesh, tobacco and breakfast cereal industries have been touched upon. I’d like to add another one that I find fascinating. The light bulb industry, notably the Phoebus Cartel. Apparently in the early 1900s a world wide group of light bulb manufacturers got together to limit the amount of time light bulbs would last. Interestingly there is still a light bulb that is in operation at a bay area fire department that was made before the light bulb cartel was established. It was produced about one hundred years ago. Planned obsolescence. the next “new” and “improved” thing, etc. seems to have been useful in increasing profits for a very long time. It’s just a part of doing business. I’ll try to add a link.