Inkjet technology is fine, it was the exploitation of it by HP which lead to copy cats that really made it ridiculous.
I've got an HP inkjet wide format plotter (36" wide) that was built both before HP was all in on ink as a profit center and built by a different division (plotter division). It has been a reliable workhorse for over 20 years now and while I don't use HP ink any more (they don't sell it) third party ink works fine.
I replaced my desktop printer with an Epson Eco-tank printer. They claim it comes with 2 years of ink (at my rate that is probably 4 years :-) and they the ink is not expensive. So there are people trying this model of "let's not bother screwing people on ink" and I'm trying to reward them by buying their printer.