Michael –
That paragraph alone really only shows the company is trying to survive by forming a management able to develop products that they hope will sell well. There is nothing wrong with that; and the country's trade history is a graveyard of companies that failed to do so. If nothing else they have their livelihoods to consider, maybe even those of their employees. The problem is how they do that.
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Mick –
Brickpunk is the company's brand for a literally brand-new architectural model range. I don't think they are trying to pass it off as Bassett-Lowke.
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I doubt most construction kits were ever intended by their designers to teach how the full-size things were constructed, only what they looked like; though I accept the Airfix and similar plastic kits were not frightened of the proper names for components. The exception is Meccano, helping its users understand simple mechanisms.
Bayko was far more realistic than Lego in representing real buildings; but of course no such kits can bear any relation to the construction of the real buildings, only to their appearance. Of the three big-name universal construction toys that have to compromise realism for flexibility – Meccano being the other – a Bayko model most closely resembled what it represented. In some respects though, Bayko's kit-system faintly presaged modern house-building techniques!
Besides, we frequently deviate widely from construction materials and methods for functional reasons, while being as faithful as possible to outwards appearance, in our model-engineering.
Airfix is by no means unique in replacing proper words with pictures, but I assume to consider those who read little or no English in a world with a huge number of very varied alphabets and languages. Seems to work for Ikea!
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You are right about the way brand names are traded as mere commodities, but while you may not care that it happens, I do not believe that excuses what in this case appears part of a very cynical and negative cheapening of the original name and person.
Basset-Lowke and Hornby were rivals when trading separately, and this may partly explain the modern firm's internal politics.
The present company invented a range of models in what it claims to be steam-punk style … Right, fine, not to my taste but that does not matter. I believe though it should have the honesty and guts to invent a brand name for them. I also object to its advertising, apparently intended to trap the unwary into thinking this modern art-fad genuinely represents late-19C / early 20C engineering.