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In the short term: true. But not in the longer term. And quality is usually not the same.

How long is your long term? And why would it be bad for consumers in the long term?

Long enough for people to simply stop making new things because they can't make a living. A couple of months for some, a couple of years for most.

And that would be bad for consumers in the long term because who is going to come up with the new ideas then?