Dude it's not hard to understand that if you make a million dollars a year or a minute or whatever that you wouldn't think twice about throwing money away on an Edition. Hell, you could wipe your butt with 100 dollars bills just for the hell of it. It aint hard to understand! GOD!
The point is that at some point excess has got to be morally wrong. If you make a million dollars a day and then buy million dollar underwear, then you are doing something wrong. The 'it's your money you can do whatever you want with it' only goes so far. If you're wasting huge sums of money just because you can, you're a bad person. Isn't this common sense?
You called people making the watches peasants/serfs (a poor farmer of low status renting small piece of land for subsistence farming) or in informal usage (someone ignorant, rude and unsophisticated of low social status). Those that work in the factories come from the countryside and make probably 20 times the money they could make there. It is a major upgrade in both economics, status and the potential for something better.
Your whole spiel is reprehensible and haughty. Being moral means looking inward as much as judging others; that's were the work starts first.
Even in a more equal world, say some western socialist democracies like in Scandinavia, there are still people "more equal" than others. Should they also feel bad about spending their money if their already surrender 65% away in taxes?
There a few moral absolutes, usually called human rights. Beyond that there is no consensus and there may never be. We can just try to be the best person ourselves and help those around us. That's less haughty and much more constructive.
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Oh please do not try and compare a computer with a wrist strap to a mechanical watch. It's chalk and cheese. Ones made by a robot in a factory (which part is hand assembled? Attaching the strap doesn't count), one is meticulously assembled, hundreds if not thousands of parts, all set in place by one man. Clicking a few wires into place which only go in one way does not require the precision of a mechanical watch.
Really, are they machining each parts by hand? No. It's assembly and with time, anyone can do it it. There's nothing magic about it.
Pieces of metal kit jigged together have no more standing, or prestige or whatever than the modern equivalent. If a Chinese workmen in Shanghai does it for 1/20 the price, it has no less value than if a very expensive swiss guy does it. They'll be useless pieces of crap either way. And while a few watch mechanisms could be construed as art, most aren't.
BTW, In a few years (very soon), EVERYTHING will be printed/assembled by robots, even your precious mechanical "marvels" will churned by the truckload to whoever still wants them.