There are some who took this view when LEDs were first mandated. Light bulbs were dirt cheap, yes they use more electricity but their waste stream is glass with a bit of metal.

Now we pay more for something that lasts a bit longer with more waste.

It's not "capitalism" if the government mandates a product.

What you are seeing is the typical enshitification that occurs when a product becomes mass produced and low cost to the customers becomes the primary driver.