I do not agree that the hobby or the industry are fundamentally dishonest.I think it's an insightful quote. It makes sense to me. I don't know who wrote it.
But I don't think it makes the hobby fundamentally dishonest
But, I do think that the pricing v performance of gear in this hobby is more seemingly random than any other industry I can think of. As such, I would describe the hobby as highly inefficient. Where else can you find the equivalent to speaker cables for $100,000 with total cost of goods (inclusive of r&d) being $1,000? Better yet, the aforementioned cables do not necessarily sound better than $2,000 cables.
After some product placement reviews and respected audiophile "influencers'" endorsements on forums there are fish (sigh, I suspect I am one of these) that buy the cables. Then, after spending $100,000, one is understandably biased to like them. So, they post of the sonic nirvana on sites like WBF and the circle is complete.
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