Yes. It's that same old villain called "Free Market Capitalism" - turning profits which drive industries and innovations, all while "robbing blind" the very consumers whose purchases provide the capital for that progress. The opposite, of course, is that economic theory which panders to the outcries of the entitled masses who demand products and services for cheap (or FREE!!), but who lack the sense to realize that if they get their way, they stifle and destroy innovation and growth.
Seriously - you think we got this far technologically by selling the highest end products for the lowest prices? Name me a "socially progressive" country (one which purports to provide the best for less, to everyone...) that produces the kind of massive technological advancement that companies like Apple, and countries like ours do? Companies don't profit when they lose the balance between cost and improvement. And when they don't profit as much, they don't innovate as much.
It's just basic economics and social theory in action. It's either this way or China's way... take your pick.