Farah,
Thank you for your thoughtful comment; I understand where your perspective is coming from but allow me to explain things from a different point of view.
Rich people differ; we can't group them all under one category: you have the spoiled rich, the value-oriented rich, and the people who want to look rich.
The Value-oriented rich only buy the best things for value; they buy the best because cheap stuff won't last long. After all, they made it of cheap things and mass production. Think of clothes from Zara, Koton, LcWaikiki, pull and bear, etc. They design their products to wear, throw and change.
On the other hand, a pair of jeans from Armani or Levis can go for years and still maintain the same quality and are recyclable in some scenarios.
The concept of crap differs from one person to another; what a poor person buys, a wealthy person might consider unhealthy, lack a sense of quality, style, and crap.
Study the people who buy junk food or junk fashion carefully. You will find the things that cause environmental and massive debt problems are the purchasing habits of the poor. They have no choice but to buy low-quality stuff, and the manufacturer has no choice but to produce this stuff at a low cost and stay competitive.
If you study, most of the people who buy from big luxury brands such as Versace, L.V, are people with average income trying to impress or act like the rich.
Valuing something has nothing to do with poverty or wealth; it starts with family education. If the family teaches their kids wisely, then it doesn't matter how rich they are; they spend the money wisely.
Humans love to consume stuff, and that's a fact. Most people prefer to be rich and financially comfortable than stay poor. The economy runs on selling crap, be it cheap or expensive crap; to cut the crap is to eliminate the economy.
That's my perspective. Thank you.