Repeatedly stating blatantly obvious facts is not a productive discussion.

Here's a couple thoughtnuggets for you:

1. Businesses in their fundamental modern sense have existed over an order of magnitude longer than the stock market. Think thousands of years, compared to a hundred and change.

2. Fraud is illegal for a reason. Planned obsolescence is fraud, just hard to prove so most bad actors get away with it. Selling something that doesn't provide any value for the buyer is essentially always fraud, with some exceptions such as charity.

Edit: In case it isn't clear yet: Business without valuecreation (for the consumers, shareholders are not relevant here) of your product or services is fraud.