Funny you should mention that! The Phoebus cartel formed in 1924 by major light bulb manufacturers, because they were at a point where they were producing light bulbs that could last for decades, and they realized that this would kill their profits because nobody would buy bulbs because they lasted so long, so they made rules to deliberately make the bulbs fail after about 1,000 hours and fined members for making bulbs that lasted too long, effectively creating the concept of planned obsolescence as a business model.
See? Capitalism promotes innovation! In how to profit!
Funny you should mention that! The Phoebus cartel formed in 1924 by major light bulb manufacturers, because they were at a point where they were producing light bulbs that could last for decades, and they realized that this would kill their profits because nobody would buy bulbs because they lasted so long, so they made rules to deliberately make the bulbs fail after about 1,000 hours and fined members for making bulbs that lasted too long, effectively creating the concept of planned obsolescence as a business model.
See? Capitalism promotes innovation! In how to profit!
https://spectrum.ieee.org/the-great-lightbulb-conspiracy
https://en.wikipedia.org/wiki/Phoebus_cartel