Is it because everyone is an idiot (e.g. management)? Or for some nefarious reason? Or maybe it isn't actually that bad?
On one project I was on, there was a contractor company billing millions per year to create a React admin tool frontend. Many developers involved, Scrum master full-time, and so on. Tickets were created for small parts of features, of course not considering anything more than 2 weeks ahead due to agility, then later other tickets would be created for the next phase of the feature so everything that had been done so far had to be thrown away as it was wrong (great for billable hours), etc.
The person on the customer's side managing this didn't really know what they wanted, so was happy to be told that, due to agility, they wouldn't have to specify anything more than two weeks ahead. A big decision can't be wrong if you aren't allowed to make big decisions! Can't get fired for decisions being wrong if you aren't allowed to make them.
So everyone won out of this situation really.
I don't know if there would have been a better way to manage this project. But I can see what everyone got out of it.