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From the comments:
"This whole business model of taking a revered American brand name and raping it seemed to really take off in the 1990s, when I first began to notice it. As a musician, I saw a lot of well-known, formerly quality musical instrument brands begin to cheapen their products and send the manufacturing offshore. In addition, people are copyrighting old musical instrument brands from the 30s, 40s, and 50s and putting out new crap with these names on them. There was a time when these companies would never have attached their names to such garbage instruments… but it’s been a race to the bottom for some time now. Brands are now meaningless in many cases."
Crapitalism.