The boots theory is an economic theory that people in poverty have to buy cheap and subpar products that need to be replaced repeatedly, proving more expensive in the long run than more expensive items.
The boots theory is an economic theory that people in poverty have to buy cheap and subpar products that need to be replaced repeatedly, proving more expensive in the long run than more expensive items.
And isn’t the point of the theory that poor people are mostly locked into buying poor quality things and being trapped in that loop, and it’s not something they choose to “do to themselves” as OP put it?
OP does say in their description that the poor are forced into this situation. It’s a little clumsy in wording but I don’t see any blame attached.
I was just directly quoting the book in which the theory is originally expressed