Why aren’t there cut outs anymore? What even were those? I own a bunch but honestly never thought about it. This shows my age.
I agree with a lot of what you’re saying— sometimes it seems like QC standards are a little high— I don’t think i’ve ever returned a record for minor imperfections, and only returned a few used records that were egregiously mis-graded— but I don’t hold it against folks that do.
In the vinyl era, a record had a selling life of weeks. If it didn't sell quickly as a new release, it probably died quickly, and if the label misjudged it's sales potential, they would be left with a ton of stock that wouldn't move. So they needed a way to move that dead or no longer moving stock. The way was to wait a few months, or a year, until the record was totally not moving at all and retailers had returned their stock, and move it to cut-out bins by punching a hole of cutting the corner of the cover.
In that era, label sales reps were on the road filling the shelves of record shops, telling them what to stock up on and how much. Often product was in stores on consignment or extended payment terms. They wanted product on shelves, and lots of copies. They made commission that way. But that often didn't work out - history is full of albums that should have been huge but were DOA on record shelves. The stores just shipped them back to the label.
Most places, cutouts went to a discount retailer to move, not regular record stores. Many big cities had a bunch of low-rent cutout stores. Bigger stores or mainstream record stores usually didn't want to handle cutouts, there was a taint there.
There aren't cutouts because the record labels don't have to worry about distribution and inventory anymore, and there would be no point - pressing runs are very small compared to the vinyl era, so why bother to do cutouts when you have a few hundred copies in deadstock? That would start a run on value if people could hold out for the possibility of a discounted cutout, and it would wreck the collector's market, which largely fuels the vinyl market now.
And record stores don't buy on consignment or on extended terms anymore. It's 30 days if your store has credit with the distributor, 15 days for some, cash up front for others.
I do hold it against folks who have unrealistic expectations about vinyl, returning frequently even multiple times.
I pay for it, and so do you.
Vinyl takes work, it always has. It's not like a CD where there isn't any noise, pops, clicks.
I have returned obvious bad flaws - a massive warp, a terrible scratch. But those happen to me very rarely. I do have an issue with mis-grading of records, which seems to happen way too many times. Not from Japanese sellers, though, or many EU sellers. U.S. sellers seem to think that anything that looks fairly good they picked up at the Goodwill store is NM, and they don't even bother wiping the mountain of dust off first.