Does anybody else on earth experience the nightmares this guy rants about? He sounds even more bitter than me when I bought my first American Fender in '99. Jeez!
I can't remember ever breaking a string on any of my Ric's, nor do I remember accidentally hitting the pickup selector switch while playing. I can only imagine that the guy in the video plays bass like Pete Townsend plays windmill power chords on the guitar. That's the only way I can think of to break strings and hit the pickup switch.
And low output on the pickups? Maybe he should swap out his First Act 5w amp for something a little better.
On the plus side, perhaps people will start listening to him, and Ric's will experience reduced demand, and then prices will drop, especially in the used market

