The results from that (sole) experiment were that the shoes lasted longer but not so much so that they beat out multiple pairs of cheaper shoes on price. The quality shoes lasted about 4 years, and I buy a pair of sneakers about every 1.5 years. However, the quality shoes were at about a 10x markup from the sneakers. So I'd need those quality shoes to last 15 years or so.
So for my money, it sounds like great fiction, but not great reality.