Source: Ludwig von Mises Institute
by William L Anderson
“Socialists and critics of the market claim that one of the evils of capitalism is that it promotes ‘planned obsolescence,’ which, according to the AFP news site, ‘is a widely criticized commercial practice in which manufacturers build in the expiry of their products so that consumers will be forced to replace them.’ The idea behind it is simple, logical – and mostly wrong.” (10/23/25)