You clearly haven’t seen how bad “no-consequences cheap” can be with even simple electronics. Your lamp, for example:

Melting (under-spec or poor construction) AC wiring, poor material for the cord, switch or socket.

Melting / burning lampshade (yes, even with LEDs).

Electrocution risk - Loose connections, easily broken plug or lamp socket, switch, inappropriate (conductive) materials.**

And that’s not even considering larger-design problems - Lamps that are prone to falling over (and breaking, or melting other things), lamps that flex but not too much or they break exposing problems above, assemblies that aren’t reasonably child-proof, RF interference even.

The race to the bottom without rules is a dangerous place for the consumer expecting a bare minimum guarantee of fitness while inviting these products into their home, not to mention those most often buying the cheapest option may be the most vulnerable.

There’s some really fun chemistry in the rare-earth magnets - I used to buy them in bulk to enlarge my own IT-workshop collection, which was mostly broken down for Nd salts. Also, the magnets from iMac screens were also plentiful when HDD magnets got small (and then went extinct).

Log files from a local SQL server.