All incentives in capitalism encourages quick cyclic consumption, and corporations spend vast amounts of resources to various forms of obsolescence [0]. This can't just be ignored even if you would like it, because it blatantly shows how wasteful the current system is.
> You didn't even address what I provided about Pareto Efficiency
"I ignored your questioned and posted something else, now please answer what I posted meanwhile I'll keep ignoring the question".
> Yes it is alleging a conspiracy, and you're claiming Economics in general has been coopted by it. This is no different than anti-vaxxerism.
A field of study with so close connections to power and wealth must be seen with skepticism. It's like not questioning the upper-classes theories of society of old. There's a lot of examples of theories justifying their privileges.
There's also an important distinction to be made. It's true that capitalism/free-market produces alot of stuff. But it's certainly not true that it produces freedom, happiness, and justice for all. The problem is that you will take the former to justify the latter injustices. That's obvious bias.
[0] Planned obsolescence:
https://www.theguardian.com/technology/2020/apr/15/the-right...
https://www.green-alliance.org.uk/resources/A%20circular%20e...
https://www.theguardian.com/sustainable-business/2015/mar/23...
https://www.bbc.com/future/article/20160612-heres-the-truth-...
https://www.consumersinternational.org/news-resources/blog/p...
https://www.bbvaopenmind.com/en/technology/innovation/origin...
"Yale University economics professor Judith Chevalier explained to the BBC that companies react to consumer tastes, and that planned obsolescence is not simply a deception by manufacturers, but in certain situations the fault lies with consumers, who do not value a more durable product, but one that possesses the latest technology." (admits to its existence, but just blames it on the consumer instead)
https://en.wikipedia.org/wiki/Planned_obsolescence
"An Economic Theory of Planned Obsolescence"