10 Great Companies RUINED by Corporate Greed
Рет қаралды 18,102
Күн бұрынCheck out Knafs here: www.knafs.com/
Learn about 10 great companies ruined by private equity firms, including Filson, Sorel, Oakley, Dr Martens, and Craftsman Tools. Find out how these once-thriving businesses fell into decline and the impact of private equity on their downfall.
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PRODUCTS IN THIS VIDEO:
Gerber: bit.ly/3xeVrvB
-Leatherman: bit.ly/4ba0pr2
-Victorinox: bit.ly/4exFocP
Dr Martens: bit.ly/3z9FjvS
-Solovair: bit.ly/3KQGjHR
Woolrich: www.woolrich.com
-Weatherwool: bit.ly/3N2W9Qg
-Heat Straps: rebrand.ly/xhojsgf
-Vermont Flannel: rebrand.ly/mt1bqwr
-Duckworth: www.duckworthco.com/
Sorel: www.sorel.com/
-Duckfeet: rebrand.ly/r41kj16
Brooks Brothers: www.brooksbrothers.com/
-Spier & Mackay: imp.i317572.net/Y9ZxAR
-J Press: jpressonline.com/
-United Arrows: store.united-arrows.co.jp/bra...
-Rowing Blazers: rowingblazers.com/
Craftsman: www.craftsman.com/
-Knipex: amzn.to/4bbRjdJ
-Proto Tool: amzn.to/4b8eHZy
-Wright Tool: amzn.to/4ba8Zq1
Filson: filson.sjv.io/1r43Bd
-Weatherwool: bit.ly/3N2W9Qg
-Heat Straps: rebrand.ly/xhojsgf
-Bradley Mountain: ktku.co/19
-Freenote Cloth: ktku.co/1a
Oakley: www.oakley.com/
-Randolph Engineering: bit.ly/3rYZUJV
-American Optical: aoeyewear.com/
-Gatorz: amzn.to/4exGbKP
-Maui Jim: amzn.to/3Rv16V9
Vise Grip: www.irwintools.com/
-Malco: amzn.to/3RzIgMz
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Timestamps:
0:00 Private Equity
1:08 Gerber
2:10 Dr Martens
6:16 Mountain Equip Co op
7:45 Woolrich
8:30 Sorel
9:14 Brooks Brothers
10:01 Craftsman
11:07 Filson
12:14 Oakley
13:26 Vise Grip
Reviews of high quality workwear, boots, and clothing for men to help you own better and own less. I've been working with my hands for my entire life as a mechanic, tow truck driver, and eventually a licensed electrician. Being a blue collar guy, I look for certain elements in a product: is it durable? Is it high-quality? Will it perform well over its service life? Whether boots, pants, jackets, or tools I believe it's best to buy once and cry once by getting the best you can afford. With so many options these days, choosing the best product can become a difficult decision, but that's where I come in. Helping you stay stylish, rugged, and handsome.
I don't care where it's made as long as it's made well and allows you to own less and own better.
@CarlMurawski Ай бұрын
Products in this video: Knafs Lander 2: rebrand.ly/jahed96 Gerber: bit.ly/3xeVrvB -Leatherman: bit.ly/4ba0pr2 -Victorinox: bit.ly/4exFocP Dr Martens: bit.ly/3z9FjvS -Solovair: bit.ly/3KQGjHR Woolrich: www.woolrich.com -Weatherwool: bit.ly/3N2W9Qg -Heat Straps: rebrand.ly/xhojsgf -Vermont Flannel: rebrand.ly/mt1bqwr -Duckworth: www.duckworthco.com/ Sorel: www.sorel.com/ -Duckfeet: rebrand.ly/r41kj16 Brooks Brothers: www.brooksbrothers.com/ -Spier & Mackay: imp.i317572.net/Y9ZxAR -J Press: jpressonline.com/ -United Arrows: store.united-arrows.co.jp/brand/ua/?wovn=en -Rowing Blazers: rowingblazers.com/ Craftsman: www.craftsman.com/ -Knipex: amzn.to/4bbRjdJ -Proto Tool: amzn.to/4b8eHZy -Wright Tool: amzn.to/4ba8Zq1 Filson: filson.sjv.io/1r43Bd -Weatherwool: bit.ly/3N2W9Qg -Heat Straps: rebrand.ly/xhojsgf -Bradley Mountain: ktku.co/19 -Freenote Cloth: ktku.co/1a Oakley: www.oakley.com/ -Randolph Engineering: bit.ly/3rYZUJV -American Optical: aoeyewear.com/ -Gatorz: amzn.to/4exGbKP -Maui Jim: amzn.to/3Rv16V9 Vise Grip: www.irwintools.com/ -Malco: amzn.to/3RzIgMz -Facom: amzn.to/3xr2t09
@highdesertforester Ай бұрын
Another addition to this list is Eddie Bauer. As a Seattle native, I remember going to their store in the 1970's and it was filled with men's expedition quality down clothing, boots and high quality guns. It was acquired by General Mills and now is a shell of its former self.
@EssenceofPureFlavor 24 күн бұрын
Almost not even the same company...
@food2430 Ай бұрын
Another prominent addition to this would be Tom Ford's acquisition by Estee Lauder, while not Private Equity, Estee Lauder is known in the fragrance community for destroying and diluting previously good, long-lasting perfumes.
@paololololol Ай бұрын
No please god no
@eoinmiller5620 29 күн бұрын
They've already done it with a lot of classics. Oud wood has been reformulated and watered down for sure. A few others too
@Lochlann13 Ай бұрын
It's been brutal watching the slow motion sellout and fall of Filson. The quality to price ratio of their modern gear is just ludicrously bad.
@CarlMurawski Ай бұрын
I know, that's the one which affected me most.
@MatthewBradwell Ай бұрын
In the immediate weeks Post-Christmas they do a huge dump for up to and over half off, that's the only time the rubber ever meets the road with them anymore
@Stridewise Ай бұрын
SPICY god damn what a stupendous video and a great idea
@CarlMurawski Ай бұрын
Thanks amigo!
@billystpaul8907 29 күн бұрын
You will soon be putting Red Wing, Carhartt, Thorogood and Allen Edmunds is this group of brands going down in quality. Nice video Carl, glad there are other brands that make up for the companies that downgrade their products and quality.
@redstone31 Ай бұрын
thanks for all of this information and especially the links in the description! that makes it super easy to head over to those pages.
@CarlMurawski Ай бұрын
Glad it was helpful!
@krazmokramer Ай бұрын
In 1975, I bought an Early 1963 Corvette Roadster to restore. For my birthday, My mom and step-dad bought me a Craftsman tool set in a Craftsman toolbox to help with that restoration. Everything in there was made in the USA. I've bought lots of hand tools since then. But I still have all of those made in USA Craftsman tools, except for the 1/2" (3/8 drive) socket which I was stupid enough to loan to my neighbor who "lost it" and never replaced it. Sad story about all of these failed/failing USA and Canadian companies. Us old timers still remember what quality was. THANKS for this video, Carl!! Stay well!!!
@robbielee1127 Ай бұрын
Unfortunately sog is another company ruined, grew up near their HQ and loved their knives and a huge fanboy of the powerlock but they no longer make anything in house and when they were bought out they stopped supporting their warranty
@CarlMurawski Ай бұрын
Damn, I didn't know that. What a shame.
@TylerSnyder305 Ай бұрын
The biggest problem with Gerber is that most of the knives are Chinese garbage, and the introduction of the Bear Grylls line is when they decided to start offering mostly garbage. Instead of buying Gerber , just buy Buck knives. They're the greatest American knife company. Still multigenerational family owned and doing it right. They are committed to having at least 75% of their knives American made and have stuck to it. They still have to offer the Chinese budget knives because of Walmart, but even those are going to be better than almost anything from Gerber.
@igrowdrugs Ай бұрын
Benchmade
@coseymo3437 Ай бұрын
thank you for addressing these issues! You're a life saver!! 🙏
@CarlMurawski Ай бұрын
Glad it was helpful!
@vic2_o Ай бұрын
That's wild I was not expecting to find out that the founder of Oakleys is the creator of Red cameras.
@kinslowrainer3982 Ай бұрын
Very, very good video! Probably part of a series that needs to be done every couple of years.
@jrnichols Ай бұрын
Private Equity just adds layers of management that just want to make money off of a brand. The brand always loses its heritage because PE just wants the money. I try to find small brands and when I learn they have been consolidated into other companies, I try to find new small brands. I worry about Tom Bihn even though they are much smaller. I am also concerned about Mystery Ranch and Butter Pat Industries after being purchased by Yeti. The Oakley story sucks. It is how I learned to hate Luxottica. Luxottica is shady, they corner people out of the market until they have to concede.
@EastofVictoriaPark Ай бұрын
It's like a parasite that the host believes is good.
@bngr_bngr Ай бұрын
Every companies primary goal is to maximize profits. Those that don’t, either fold or are taken over by someone that can.
@heiner71 Ай бұрын
@@bngr_bngr That's a very American thing. Only important goal is to make the shareholders happy, i.e. give them short term profits and then walk away. Grow or die. The company I used to work for in Germany is now 50+ years old and very steady in size with about 250 employees. They are happy with what they and do and who they are. Everybody goes home with enough money and there are enough profits. Key is, it's a private company, not sentenced to eternal growth by shareholders.
@bngr_bngr Ай бұрын
@@heiner71 earning profits or increasing shareholder value is not an American concept. Germany has very large and profitable companies.
@gaberoo9099 Ай бұрын
Spot on!
@starkparker16 28 күн бұрын
Craftsman was the no brainer choice when I was young. Back when I had a fresh pair of Mumbos.
@dimi7055 29 күн бұрын
Great video! I have a mackinaw cruiser from 2019, buffalo plaid, and i have the workhorse v6. I have to say the v6 is head and shoulders above the cruiser! Love the thing!
@DonLarsen-cm5rm Ай бұрын
Thank you for this, the more people that understand how destructive these private equity parasites are the better. Every industry touched by these creatures is degraded and compromised for the benefit of corporate greed. An aside, the photo used in the segment about Woolrich supplying clothing to the U.S. Army is of the Soviet Army in WWII.
@Waldemarvonanhalt Ай бұрын
This is why "acting in the shareholder's best interests" shouldn't be the only thing holding companies do. They shouldn't be allowed to go against the common good, which includes not selling you worse quality goods at higher prices.
@gaberoo9099 Ай бұрын
Read Rana Faroohar's "Makers and Takers" for a look at how the US became a shareholder capitalism model instead of a more equitable stakeholder capitalist model (where all stakeholders--the common good--are represented). These private equity guys are vultures, plain and simple.
@trah666 28 күн бұрын
That's capitalism
@gaberoo9099 26 күн бұрын
@@trah666 Capitalism was not always like this here.
@trah666 26 күн бұрын
@gaberoo9099 yea, but this is the inevitable result of unregulated "free markets". The concentration of capital in the hands of a smaller and smaller group of people. They will outsource jobs for cheeper labor, artificially inflate prices, while selling lower quality goods, all so the line keeps going up.
@gaberoo9099 26 күн бұрын
@@trah666 Agree. All the more reason we have to push back...harder than ever.
@Alotafajitas 27 күн бұрын
Love your videos, you save me a lot of time and money. Any chance for some FR clothing content? I'm in Oil and Gas, I know you were a electrician so I'd love to hear your inputs about various FR suppliers/manufacturers. Hardhats, heavy duty gloves/impact gloves? Thanks.
@CarlMurawski 27 күн бұрын
Definitely. I've gotten a lot of requests for FR gear, so that's definitely coming soon.
@Alotafajitas 27 күн бұрын
@@CarlMurawski rock and roll. Thanks for all your effort, duder.
@esotericcommonsense6366 8 күн бұрын
Honorable mention for arc rated gear also😂
@RLSteffler Ай бұрын
I love that J. Press is in here, they offer exactly what you want from Brooks Brothers but no corners are cut. I need to invest in some more stuff by them
@88sstraight Ай бұрын
Thanks for the ‘run down’ Carl! Baffin is a company that still manufactures quite a few of its boots in Canada, in a similar style to Sorel. Shuron is an eyeware company that still makes all (?) of its frames in the US, with styles that haven’t changed in forever!
@gaberoo9099 Ай бұрын
Thanks very much for posting this video. I detest private equity and the tremendous amount of damage they have wrought over our manufacturing sector. The financialization of the US economy has caused atrophy in most other sectors of the economy leaving us critically dependent on other countries for indispensable items ranging from medicines/personal protective equipment (including N95s) to weapons systems. We have to take back the country from these financial vultures.
@bolandjd Ай бұрын
Great video Carl. Well researched and very informative. I appreciate you recommending alternatives instead of just kvetching about how everything used to be better. Fortunately, we do have alternatives and we can vote with our wallets for the best goods. Thanks.
@CarlMurawski Ай бұрын
Thank you sir!
@snowg4953 29 күн бұрын
I am so glad i have 3 pairs of real sorel boots. Wish New England still got the winters to use my dominators.
@DaBoomz13 28 күн бұрын
Fiskars used to make quality tools, but their own quality has gone down to the drain. Fiskars also bought many other Finnish manufacturers and switched their production to China.
@dejaydavisson9938 25 күн бұрын
Fiskars Chinese made stuff is just plain Crap ! Not worth bringing from the store , even if you got it for free.
@andresrosalesgonzalez8161 Ай бұрын
You think you could make a video on classic tools alternatives for brands that have gone down in quality?
@QV1010 19 күн бұрын
How about looking at more local brands around your state? I had researched some brands in my home state of MN. Of course the big one is red wing but also there is a shop in the capital,”leatherworks MN” which makes small leather goods using some of their leather. Another company is Duluth pack which focuses on canvas & leather made bags & goods in their home town. Another brand frost river also in Duluth makes wax canvas & leather bags. There is a small handfull of amazing small shops what haven’t fell into PE so if I find any of these small shops I like to support them as much as I can!
@robertgallagher2226 Ай бұрын
Yeah...Sorel really hurts. I lived in those.
@UserLev Ай бұрын
Loved this one boss. Glad you called out the ones that needed it. Extremely sad though, in particular to Filson. That’s the one that has affected me the most personally, the change has been more rampant recently. Keep it up though Carl!
@Jkorchak 29 күн бұрын
A great video about once great companies that went down hill! As a Canadian it saddens me about Canadian companies that went down! Keep up the good work!
@darksidevenom6 18 күн бұрын
Great Video man!!
@CarlMurawski 18 күн бұрын
Thank you, I'm glad you liked it!
@robertcyr6811 Ай бұрын
Great video a lot of good information
@thatSparky00 Ай бұрын
ANOTHER great video! Keep it up
@CarlMurawski Ай бұрын
Thank you so much!
@WillMoon Ай бұрын
I was a professional knifemaker for about a decade, and I know a bunch of the guys over at Gerber personally. You're KINDA on the mark, I think there's a lot of frustration at the ownership by the rank and file, but the design team DO actually try their best to churn out good stuff. Gerber suffers from their constant use.of mystery steel, which people think is maybe 420J... it's not exactly a great knife steel. Their multi-tools are respectable on the higher end, but like you said, Leatherman pretty much has them beat on the multi-tool game pretty consistently. Wouldn't do Victorinox for anything but SAKs, SOG suffers from a lot of the same issues Gerber does with low end manufacturing. Gerber's tactical knives... nothing they make currently draws me to add any of them to my lineup. IMO the best current sub $250 American-made knife company is going to be Spyderco or Protech if you live in a state where you can own an auto. Also, that's called an Omega spring.
@krazmokramer Ай бұрын
Gerber lost my business in 1985 when I returned a 6 month old Paul Knife to them for repair of the locking button which was failing. They refused to repair it citing some corporate bs about returning that style of knife. Instead, they sent me a Japanese made smaller and CHEAPER pocket knife and a cheap set of 3 kitchen paring knives as replacement. Today, that Paul Knife is worth a significant amount of money. The crap they sent me is worth zero. It thrills me that they are failing!!!! It's called KARMA.
@gaberoo9099 Ай бұрын
What irks me is how Buck can produce a US-made/manufactured 110 model folding knife (yes in basic 420J steel, but with really good heat treat) for 20-30$ and Kershaw can make quite a few US-made models in premium Magnacut steel for prices comparable to many Chinese knife companies, and we have so few other US knife companies able to do the same. Hogue is another such brand (and I almost forgot TRM: three rivers manufacturing) which offers great value (I've seen their Deka model in Magnacut for under 100$ with optimal heat treat for this steel).
@bouncercub81 5 күн бұрын
The cap throw deserves more than a like!
@johnmoon9562 29 күн бұрын
Carl, we're all looking forward to a deeper dive on Filson. And not in an attempt to ostracize Filson, but I bet it's a really interesting study on the subject. We've all seen their quality to price ratio deteriorate over the years. I will say, I sent for repair. an old, cared for but well worn tin cloth packer coat, and the customer service was very good, the repair was done extremely well and beyond expectation, and they didn't charge me a dime. Credit where credit is due.
@annahenderson1730 Ай бұрын
Wow this was a good one
@RandomGuy-qm3mg Ай бұрын
Late 70's bought a Filson Mackinaw Cruiser for 1/2 price at a local REI sale, heavy wool jackets didn't sell that well in Southern California. Gave it to my brother who'd just moved to Bremerton Washington and he was the envy of every guy he worked with. Thing weighed a ton and was built like a Caterpillar. Sad to see so many great brands die out. Glad a lot of Pacific Northwest work boot companies are still around, guess exposure on KZfaq helps their sales.
@d.mcbride1583 19 күн бұрын
A few other options for American made oxford cloth button down shirts: Hamilton Shirts, Mercer & Sons and Gitman Bros. I own shirts from each--all of which are made to a very high standard.
@jdlackey88 Ай бұрын
Skip a knife ad? Never. These look nice
@TheKillWizard Ай бұрын
Very accurate list.
@jasonpinckney299 Ай бұрын
Hey I was wondering why I don't see any berne work wear or wolverine workwear or boots?
@CarlMurawski Ай бұрын
No reason in particular. I actually got a Berne work jacket for a comparison I’m doing in the fall. There are just so many brands, so little time!
@clandry156 23 күн бұрын
The loss of Mountain Equipment Co-op was heartbreaking. When you bought a MEC product, you knew it was good quality and affordably priced. I still have a 1999 MEC knapsack. It has been through rain, snow, & sunny hot summer days and it is still in one piece and solid. You cannot say the same for their bags now.
@iradi8fortheusa1 27 күн бұрын
It is really sad to see companies lose their loyalty to both their employees and their customers. If you build or create a quality product that lasts, people will keep coming back. Loyalty over the long term works both ways and creates monetary success.
@snowg4953 29 күн бұрын
Carhartt may not have been bought out but quality is not the same in my opinion. My union usa made jackets, bibs and flanel pants are awesome decades later.
@MattSeesGray Ай бұрын
I’m no mathematician, but I’m pretty sure $178 to $495 is more than a 64% increase 😉 All in good fun, Carl. Love the content!
@JavaJunky Ай бұрын
Can Filson be turned around? Or is it to late?
@renangaidheal1320 Ай бұрын
Of course, JPress is now owned by a Japanese holding company but in this case saved Press by committing to the original sourcing and manufacture. They have also retained Press's high quality but not too too expensive price points. The retailer O'Connell's based in Buffalo, NY retains the Press/Brooks Bros traditionalism and their "house" branded shirts and wool are made by US and Canadian factories. On another note, Abercrombie and Fitch once a renown OUTDOORS company (much like the original Filson, the current another loss to PE), is now the crap that it is and is owned by PE Sycamore Partners (which owns The Limited Co., which owns Zara, etc.) What a shame.
@stevep8773 17 күн бұрын
Don't forget the famous Tilley Hats from Canada - now (many) also made in China. I was a MEC original member (cardboard membership card from Vancouver) and I suspect its demise was actually orchestrated. L L Bean has changed over the decades but still has some USA-made products
@Bryanzin_105 27 күн бұрын
Looks like you need Ben to send you a tool burrito to better organize those screws when changing the scales. /j
@kennethchrzanowski6165 Ай бұрын
Paolo Corinaldesi used to be CEO of Woolrich and is currently CEO of Filson.
@markusayt Ай бұрын
A Filson Mackinaw cruiser that cost $178 in 2001 would be $315 with inflation in 2024. Anything in the 300s might be reasonable but $495 ?? I do love mine that I found on clearance for $180 😊. Good video.
@mikethomasmcm Ай бұрын
Great video, small piece of pushback though: I don't think companies that went bankrupt and were then purchased should be included (MEC and Sorel for example). Unfortunately, their business models were proven to not work prior to private equity so change was clearly needed or they should have just disappeared.
@CarlMurawski Ай бұрын
Fair point!
@disoldsoul Ай бұрын
Tell it like it is 👊🏼.
@nathanwhite5602 Ай бұрын
Good video
@alexcastanon6149 Ай бұрын
Hell yeah
@TEstevao Ай бұрын
Unfortunately, Carl, SOG got bought out by a company called GSM. They also own Cold Steel and a few others. Same kind of quality dip has been the talk around the industry since the buyout
@CarlMurawski Ай бұрын
Damn.... another one bites the dust
@dubya13207 Ай бұрын
Didn’t this happen to Allen Edmonds?
@dto7321 Ай бұрын
It would be cool to have a time machine just to go shopping for some real American made goods lol.
@daianspahava8279 29 күн бұрын
I would put Levi’s high above, the quality decline from the 70-early 2000s Levi’s denim and how built they were, how much they were coveted by many people and how much they are now, now I life Levi’s 501, 505s and 514, but the quality isn’t as good as my wrangler cowboy cuts and the denim feels better but won’t last as long and Levi’s bag out weirdly on some jeans
@itsoffsideref5849 Ай бұрын
It really does suck the way things have gone, Belstaff is another brand gone to the dark side, Swann dri is getting there too.
@jonuiuc Ай бұрын
I'm sorta suspicious of Allen Edmonds too.
@CarlMurawski Ай бұрын
Yeah, since their Caleres buyout things have changed. I visited their HQ around that time and they had a lot of strange things going on. It was also when they introduced five different names for their welts and began changing things from the old days.
@barlotardy Ай бұрын
Are there any companies that actually improved after getting bought out?
@TylerSnyder305 Ай бұрын
It used to be a think that could and would frequently happen 100 years ago, but not anymore.
@justicebinder6544 Ай бұрын
Rip woolrich 😢 it’s such a shame. Their old vintage stuff is so good though.
@floatingstonerecords7749 Ай бұрын
Hey now, I love my Paraframe. It's a great little knife
@commentsonthetube14 Ай бұрын
I feel like Gerber and Fiskars both make decent stuff. Not high end. But I really like the Fiskars hatchet. And Gerber has some decent knives and tool designs. Leatherman is higher quality but also more expensive.
@dejaydavisson9938 25 күн бұрын
Ya get what ya pay for ! Gerber was good before Fiskars acquired them.
@aaronporter2180 Ай бұрын
The eagle grip pliers are no longer being made.
@MatthewBradwell Ай бұрын
Check out Comrade Carl over here, I love it
@jls1337 Ай бұрын
oakley hasn't innovated a dang thing in years, their quality is subpar and their customer service is just awful. If you're looking for ski goggles do yourself a favor and buy Zeal or splurge on Smith. I was especially dissapointed after I bought some oakley 'flight deck' goggles and they started fogging terribly after 1 season. oakley uses this antiquated anti-fog coating that is incredibly delicate, rubs off easily and can't be reapplied. Smith on the other hand has bonded the anti-fog with their lens plastic so it can't be rubbed off. I've had smith 4D goggles for 3 years and they're as perfect as day 1.
@Snowcap-CrewBear Ай бұрын
As a child I attended Woolrich Elementary School. The fence that encircled our school yard separated our playground from the property on which John Rich's home was built and beyond that the Woolrich company building(s). Little did I know that years later I would work for Woolrich Woolen Mill as a summer employee between years spent as an undergraduate at Penn State University. Nothing is made in those factory buildings these days. The Mackinaw Jacket I bought at a great employee discount during those years I think is still packed away somewhere in my hoard, waiting to be disposed of by the heirs after I give up the ghost, before that coat has seen it's last use! LOL.
@brgulker Ай бұрын
Even the cheap stuff offered by the gutted companies is too expensive and unaffordable for most people nowadays. So unfortunate.
@TsavoTouring Ай бұрын
What a sad world we’re moving toward. Hopefully the internet will prove beneficial and people will begin coming to their senses.
@chrisdiaz7615 Ай бұрын
Omega Spring
@askandyaboutclothes6757 Ай бұрын
J Press is fantastic
@henkrpe3249 Ай бұрын
A headline from Fortune magazine this April: "Gen Z favorite Dr. Martens is struggling as its CEO steps down-and it might be because the shoes last too long".
@mikekirby2085 Ай бұрын
Ah yes. The famous ‘no its the kids that are the problem’ line of thinking. The CEOs can act shocked when a cash strapped generation doesn’t want to blow money on crap
@paulmcgrew2932 Ай бұрын
Could it be that Dr. Martens is less crappy than the other crap?
@lt3880 Ай бұрын
Their boots are so trash people buy one and know not to buy any more
@JoeyDecay 29 күн бұрын
This video just made me more depressed.
@Hopeofmen 29 күн бұрын
Rip Friendly's :(
@MichaelSisley-fw3xr 17 күн бұрын
This video made me almost cry. I'm 65. As a kid growing up I was always buying Craftsman tools as I could afford them. Nice enough tools, and priced for "the every man" AND a lifetime guarantee. This is a political video, though many may not realize it. America was build by Americans for Americans. We made American goods with American labor. The shift to destroy (yes, quite intentionally) began in the 1970s. Show me a country that does not produce anything and I will show you a nation of SLAVES. Remember Smokey the Bear? Only you can prevent continued intentional destruction of America. Corporatism is not Capitalism. Government picking winners in business is not in the interests of the Republic. Open borders? Catch and release for criminals? Sending fiat borrowed trillions of dollars overseas for our grandkids to pay off in their lifetime? Consistent never ending wars? It all stops once Patriots are hungry enough I suppose, just like history always shows us. Lets change America so we can make Made in America Great Again!
@stuartschwartz5341 7 күн бұрын
America for Americans? Sorry to burst your bubble but America was built by immigrants. Irish, Chinese, Germans and Swedes in the 19th century, not to mention millions of enslaved Africans; Slavs, Jews, Italians, Russians in the early 20th century, Hispanics and Asians in the 21st century. And don’t forget that the English and Dutch Europeans who came here in the 17th century were immigrants too, or maybe you’ve forgotten the first people of North America, Native Americans. I share your anger at what you call corporatism, but let’s not forget that corporatism is the natural outcome of capitalism. Win at all costs, greed is good. In the real world, Adam Smith’s invisible hand, which is supposed to keep the playing field level, doesn’t exist. In the post WWII period unionized labor played the part of the invisible hand, creating a genuine middle class in this country, but those days are mostly gone. Are you willing to pay more for goods produced by Americans in America? “Made in America” is no guarantee of superior quality anymore. Many of the high quality boot brands discussed on this channel are made in China and Indonesia. Premium jeans made in Vietnam are equal to jeans made in the U.S. The Chinese are now making high quality EVs for far less than the U.S carmakers. “Patriotism” is a jingoistic term many people use to justify their antipathy to people and ideas they find threatening.
@MichaelSisley-fw3xr 7 күн бұрын
@@stuartschwartz5341 As an historian, I flatly reject your position / rebuttal. I do not and cannot accept your endorsement of greed and corruption as the way it is and we cannot improve. You know and I know jobs in manufacturing were forced overseas with the 70s Nixon opening China by the global elites / cartel with express intent being labor savings and the destruction of America, with malice. Countries who do not produce are not economically viable. All of this comes from the Satanists of this world. You know it and I know it. I have lived long enough to have experienced the intended disassembly of America, and the rest of world via forced installation of western central banks, all owned by the same people, after bringing "democracy" to them via CIA color revolutions. The America of today is not a Constitutional Republic anymore. Some of us still believe in God, believe in the Constitution, and seek capitalism minus cronyism. Though not popular with the communists in America, we want our country back.
@willieclark2256 21 күн бұрын
I’m shocked carhartt wasn’t one of them
@CarlMurawski 20 күн бұрын
Still family owned actually!
@andrewsalazar98 Ай бұрын
Creed Cologne also has fallen prey.
@CarlMurawski Ай бұрын
Aventus was such a staple. I hope they haven't changed that one. Or Green Irish Tweed!
@food2430 Ай бұрын
@@CarlMurawski They've watered them down to a degree where I'll never be buying from Creed again. So many better alternatives, I've also left another comment on whats happening to Tom Ford fragrances too
@andrewsalazar98 Ай бұрын
@@CarlMurawskiYup I own both of those and only buy them when they’re on sale at Costco. I bought the Aventus 3.3 Fl Oz version for less than $250 and the GIT 3.3 Fl Oz version for $199. They just don’t last as long anymore, and the scent I’ve noticed isn’t as impressive as it used to be.
@TheZhere Ай бұрын
Ubisoft ! Oh sorry wrong video..
@CoffeeWithCarl1 Ай бұрын
Filson....
@esotericcommonsense6366 8 күн бұрын
Hey but at least some suits got some imaginary promise tickets for imaginary success!!!
@SteveManCentral Ай бұрын
Malco has gone under now too.
@TylerSnyder305 Ай бұрын
Sort of. They had to shut down the eagle grip factory and sell off to Snapon who has kept them in production, but Malco in general is still alive. I believe they're still manufacturing a number of their HVAC sheet metal tools here in the USA, but they do have a number of Taiwanese tools.
@SteveManCentral Ай бұрын
@@TylerSnyder305 Oh that's cool to hear, I thought they went under completely. At least someone took over the production & is trying to keep it American.
@TylerSnyder305 Ай бұрын
@@SteveManCentral it is good but just barely. The problem is Snapon was rebranding them with an understandable but excessive markup , now they're making the pliers themselves and still charging the excessive price even though they have no middleman. If Malco was able to manufacture the highest quality locking pliers ever made and make a profit on them at $45, Snapon can do the same without needing to charge $80+ for them. I'm glad they're still being made and to the same quality standard , but while $60 would be understandable due to the cost of a Tool truck $80 is just so excessive. I am hoping they'll decide to introduce a less expensive version under the Williams line, they could make it happen with a cheaper black oxide " industrial finish ".
@klugtrane Ай бұрын
Half of these aren’t private equity sales, but the point still stands
@CarlMurawski Ай бұрын
Yeah, more corporate greed than anything.
@bngr_bngr Ай бұрын
I don’t feel sorry for any of these companies. They forgot why they are in business for.
@dawg4135 Ай бұрын
I love Knafs too. But I find it funny he designs knives for sh___y Chinese brands that way over charge. I’m sure some will disagree. But that’s just my personal opinion.
@thomashardy1851 Ай бұрын
Doc Martin's were never that good of a design, that includes solovair as it's the same design. Traditional fully leather boots is where it's at.
@TylerSnyder305 Ай бұрын
They didn't come up with the only way to make a more comfortable shoe / boot, and definitely not even the best way. It's funny how many people use the " comfort " to justify their lack of quality, even though you can have a properly made boot and use a softer bouncy wedge sole for the comfort. People who love them are the same as people who basically think only a sneaker can be comfortable.
@MattKleinschmidt Ай бұрын
Enshitifcation.
@scsmith4604 Ай бұрын
Not necessarily a topic for this channel but this kind of stuff happens in a lot of different industries and I wish there was a video like this for other goods and services. I am sure a lot of people are buying garbage and have no idea. North Face comes to mind. Edit: Does anyone know if Dremel Tools have gone the way of Private Equity?
@Dan-lq6dg Ай бұрын
JCrew used be much better
@davidlandrum Ай бұрын
This video highlights why made in USA made by American workers is so important.
@krazmokramer Ай бұрын
Only if those American workers actually do great work. Too many of them believe that mediocre is good enough. Ask Roundhouse. American made but not American quality. Their first quality is no different from their factory seconds. Holes in the fabric. Seams that are poorly sewn or completely missing in areas. There's no reason to buy American if Americans can't make a better product than anyone else. To just buy American because it's American is nothing more than welfare.
@TheBlackPeacoat Ай бұрын
Capitalism isn't evil. Lobbyists and private equity firms are.
@davidlandrum Ай бұрын
Do lobbyists and PE exist outside of capitalism?
@cheekibreeki9155 Ай бұрын
Do different economic systems inherently introduce individuals or factions holding unequal amounts of power and sway to affect the outcome and life of the common man? Yes. Are they basically lobbyist and private equity under a different name or mode of operation once you look at the paper trail and who gets to profiteer? Again yes. Capitalism simply allows someone not born into the elite to have a chance to rise up and do what the landlords, elites, nobles, or royals of history past once did. Only sometimes in capitalism, the faceless new elites go too far, because even Kings feared eventual revolt from constant cruelty as everyone living under his dominion knew exactly where this hand of inhumane treatment originates.
@davidlandrum Ай бұрын
@@cheekibreeki9155 Thanks for the response. A better phrase would be: capitalism can be as evil as other economic systems.
@RSN1748 Ай бұрын
Nah capitalism is evil lol. The lobbyists and private equity firms are the byproduct of the system
@RSN1748 Ай бұрын
Nah capitalism is evil lol. Lobbyists and private equity firms are a byproduct of the system.
@philipmurray9796 Ай бұрын
"Corporate greed" is a lefty phrase.
@TylerSnyder305 Ай бұрын
They may use it all the time, but it is a legitimate phrase that can actually mean something.
@frakismaximus3052 Ай бұрын
I think capitalism is the only way, but I'm not real fond of the these mega-corps
@philipmurray9796 Ай бұрын
@@TylerSnyder305 It is meant to stir up hatred of capitalism. Who cares if a corporation is greedy? They still have to compete in the marketplace for the customer's business. The market decides if they stay in business if the service and goods they provide are worthwhile.
@TylerSnyder305 Ай бұрын
@@philipmurray9796 who cares ? Well the consumer should care if a corporation is using the reputation of a company to sell them worthless crap for the price of the quality they're expecting . This isn't about capitalism but about soleless carcass companies, regardless dishonest corporate greed is not the only form of capitalism if that was the point here. Capitalism means being able to get wealthy by selling people things they need and want, profits should matter but that doesn't mean the customers shouldn't matter and can't come first. Most of these brands that have suffered from corporate greed ( corporations and shareholders...etc aren't universally necessary) were originally started for the purpose of offering people high quality products that they needed and could depend on. Profit mattered because they were trying to run a business, but quality repeat customers and new customers through reputation and word of mouth were the most important thing because they were the blood of the company. If quality was bad or the price unreasonable your products didn't sell, they couldn't get away with slapping a reputable brand name on worthless imported crap because consumerism and materialism weren't as rampant as they are today so people cared more about buying domestic goods and the quality of what they bought. Btw it's one thing if a company does it to themselves, but much worse when an equity firm buys them up to rip off the customers by selling them claims of dedication to upholding a reputation that they're secretly stomping on behind the scenes.
@philipmurray9796 Ай бұрын
@@TylerSnyder305 customers vote and choose whether a company stays in business with their dollar.
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