Have you ever thought how we have been shirking away in our laziness or ignorance or lack of time and tools to repair things and reuse them at home.
Labor costs being higher in the west have driven people to buy new rather than repair and reuse. White goods like refrigerators, motors, microwaves, ovens, dishwashers, bicycles, toys, simple mechanical or wooden things in daily use are being bought new.
In higher societies reusing repaired items take a dim view on reuse, however, there are people like Ingvar Kamprad the founder of Ikea who revlutionilized DIY furniture assembling. He is known for his frugality and spending habits, and there is Warren Buffet.
How far can societies afford new things. The new things are manufactured from virgin raw materials, that are going to get reduced.
The capitalism that has caught on in developing countries encourages wastage.
How many of our homes have these redundant things that are waiting to be repaired or junked. It could just be a fuse blowout in the plug, a crack in the mirror or a loose connection somewhere.
There has to be a subject in school curriculum on DIY. Simply running sustainability campaigns against wastage and recycling will not bring in change at the roots. Our children need to learn to fix things with their own hands. This will develop their motor skills and also educate them in how things work. Leaving all learning to Google is not an option. Learning and Application are very different.
An impending shortage of virgin raw material is looming, sustained effort is needed to implement the principles of Circular Economy.
There definitely will be a dent in consumerism of new things but if organizations tweak their value chains and bring the value to the customer with significant cost reduction it is viable for an untapped GDP contribution. This is been going on in second hand sector, refurbished cars, furniture and goods