I once visited a friend in London, his family had a really nice property, worth millions for sure. And then in this kitchen some really funny ancient oven and toaster stuff. It still worked fine. So why replace it? North Americans just keeping buying new, we're the epiphany of that culture.
But at some point in your career you might connect the dots and realize you need people to 'buy buy buy' in order for your sales to remain healthy and for you to keep your job so you can support your family etc. etc..
It's a weird vicious/virtuous circle and I don't thin UBI etc. will solve it. There are innumerable actual innovations and advancements that come out of the rat race :).