> This is a similarly over-simplified take.

Is it though? There are plenty of examples of businesses or even entire industries trying their level best to slow down changes and innovations that will hurt their profits. And in many cases the products may become worse, but more profitable, over time. In the 1970's, you could buy a washing machine in the United States that would last you 25 years. Try doing that now. I'm sure a lot of folks would like their washing machine to last two and half decades, but that's not that profitable if you're in the business of selling washing machines.