There are still quality things out there. A good set of knives, cookware - cast/iron/enamel/copper, pepper/spice/coffee/rice mill - Peugot, etc. will all last you a lifetime and a few generations if taken care of. So, it's not that it's not worth dropping the coin, you simply have to distinguish what's popular - brand wise - versus what's actually good. If you're buing something every few years to replace a shitty product you may as well have dropped the coin to begin with and have the superior product in the first place.
“That's it. You people have stood in my way long enough. I'm going to clown college!”