For many years I have heard complaints that the life of consumer goods, in particular appliances such as washing machines, and refrigerators, is getting shorter and shorter. A typical complaint goes that a refrigerator bought 30 years ago likely still functions, but a modern refrigerator lasts at most 6-7 years before breaking down. Typically, the market is blamed for this (i.e. manufacturers create faulty products so that when they break down they get new orders). That means that they intentionally work against the interests of the consumer. While the observations of consumers correspond with reality, their explanation of this phenomenon is wrong. I want to stress that the producers of consumer appliances are unjustly blamed.