alt Hacker NewsI personally like to call it "forced obsolescence."
Forced obsolescence is when the consumer always buys the cheapest product that checks their boxes, regardless of build quality. This forces you to either use cheap parts that you know will break, or leave the market entirely. The consumer may bitch at "planned obsolescence", but when push comes to shove and they're looking for what their next <thing> is going to be, they only look at the price and features, not quality and longevity.
We should be re-framing this in consumer's minds, and list "price divided by warranty" as an important dimension to evaluate a product on.
In Europe everything has a warranty of 2 years for private individuals and 1 year for businesses: it doesn't work as a useful metric: there's no device that I rely on that I expect to run for less than ~5 years, except maybe toothbrushes. That's great as a "it's illegal to make something attrociously low-quality", but I expect at least 5 years out of every electronic appliance I have, and there's no way to assure that, except private insurance, which is more expensive than rebuying the devices that end up being defected.
So, I buy the cheapest thing that ticks the other boxes. Not because I'm inherently cheap, but because I have no trust in the market. There's no way for me to know if I'd be paying extra for luxury features, brand premium, or reliability. Yes, I try to research things I buy, and avoid red-flags, but there's only so much you can learn that way, and most people don't have neither the experience, nor the know-how, nor the time to research everything properly to high exhaustion.