It's called 'capitalism.'
Admittedly, it's the worst economic system out there--except for all the rest.
It's called brainwashing and massive corperate greed,
50 years ago companies made good products and people paid a reasonable price for them.
Then we learned how to do mass brainwashing through advertising and in particular product placement .
Then we were convinced that we had to have everything and we have to have it now.
Think of all of the advertisement that subliminally told you that old = looser
Thinks of all of the TV where again the good guys had new everything & the bad guys had old everything.
Think of all the advertisements spruking the lie that a retreaded tyre will kill you & your family and re-refined oil will make your car blow up.
The end result is a mountain of worn out tyres that regularly "accidentially" catch fire and reprocessed oil only being available to railways & trucking companies.