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.
“There is no such thing as a weird human being. It’s just that some people require more understanding than others.” - Tom Robbins