Permabanned
So they would need to be monitored and those that fall below the required standard will be punished, in the same way as those not meeting the required environmental pollution standards etc.But as per my example above I’m not sure if mandatory 5-10 year warranties would help. Most manufacturers will simply gamble that their cheap machine will last 5-10 years than create a single expensive machine that definitely will as the financial incentive is likely to be to gamble. But that way also means you build more machines to replace those that do break down in the 5-10 year period.
What you need is a maximum profit margin % and a minimum cost. So a £1000 machine with a max 20% margin must cost £800 to make, the assumption being that the £800 machine will last longer and thus stop the manufacturer producing 4 £200 machines instead.
But then that is essentially like saying washing machine manufacturing should be state controlled as every machine will be £1000 to buy and £800 to produce, thus eliminating the point of a competitive market.
A similar thing has happened with the car industry. It wasn’t that long ago that the idea of cars running on electric was a fanciful pipe dream. But here we are and it didn’t happen over night either. Maybe small steps are better than huge leaps?
It’s not beyond the capabilities of the human species, we have achieved much greater feats.