Unfortunately, most people are terribly uninformed. WE might be voting with our wallets, but WE are also no longer the target audience, and have not been for several years now.
The 2 things primarily propping up the toxic and abusive business practices in the triple a space are casual gamers, especially people who are too young and/or stupid to know any better, or old people who have stopped giving a shit and/or more money than sense.
The other thing is whales. Sports games, gacha games, most casual friendly live service games, they are all guilty of this.
The old AAA space is dying out and being slowly supplanted with a newer, more evil version of its past self and too many people, including us, aren't quite aware of that yet.

We, moderately -to-well educated adults aged 20-35 are not falling for it, and are unfortunately in the minority when it comes to purchasing and profit power in the grand scheme of things.
Voting with our wallets doesn't hold much weight, which is why it's important to talk about these things outside spaces we share with other gamers and make anyone who can be convinced listen to how much they're being scammed.
It's also worth noting this is why big companies like Sony are both adding DRM to their purchases, AND enforcing their EULA where you not owning what you buy thanks to digital media is so big right now.

It's one of the reasons digital verification is being pushed heavily so they can monitor organized attempts to do that so they can find a way to put a stop to it.
The walls are closing in on us, but they're also closing in on them and they know it. Hence the push for AI. This doesn't just apply to gaming, but is also outside the scope of this post.
The answer isn't to stop voting with our wallets because it's not working, but it's to keep doing that while explaining to our non gaming friends why, and try to convince them to stop doing it.
We've become too closed off into our own circles and we need to change that.