> The issue with an industry awash with cheap dross, is that it becomes prohibitively expensive to produce high Quality stuff.

This seems to be one of the brutal truths of the modern world, and as far as I can tell it applies to everything. There's always a race to the bottom to make everything as cheaply as possible, and the further the industry goes down that "cheapness" scale, the more "quality" loses market share, the more expensive "quality" must be in order to operate at all, and finally things that used to be just "normal" and not too expensive are now luxury goods.

Consider textiles, carpentry, masonry, machine tooling, appliances, etc. etc.

This doesn't feel like a good outcome, but I'm not sure there's anything that can be done about it.