Did you ever have a lightbulb that gave out at the worst time possible? Like while eating dinner or doing your homework? If it gave out a few months, it probably means that your lightbulb has planned obsolescence. Planned obsolescence is when a company makes a product that is designed to fail in order to make the buyers go to the store and buy more.
There was a popular conspiracy in 1924, lightbulb companies held a secret meeting in Geneva, they agreed to make lightbulbs that would last for only 1000+ hours so that they would give out faster and the buyers would have to go back and get more.
Most people think that planned obsolescence is bad, tedious, cruel, and mischievous, but it is good for the manufacturer because they get more buyers and their products don’t have to last long. Another benifit for the manufacturers is that some people would buy everything thats new and popular so if they have alot of people waiting to get a new , say phone, those type of people are likely to buy it too. Although it can also backfire because if that company releases to many faulty products people will start to notice it and stop buying from that company.
For the buyers, planned obsolescence is not as great. The buyer would have t keep on buying products that they need , like lightbulbs, and microwaves, whenever the last one is broken. But it also benifits them because our objects will quickly advance due to the constant releasing of products.
This also affects the environment because some people are not taught about recycling so when they throw away their old possesions it is not used again and is therfore wasted.
All-in-all planned obsolescence is a business trick in order to get more buyers while at the same time benifiting and being detrimental.