Now, you could argue that with sufficiently intense competition, companies will keep outdoing one another in selling cheapest crap. That indeed is a predictable and well-known failure mode of the market economy. The question is, whether appliance market suffers from too intense competition, or if there is a place for a lifetime-appliance supplier there.
If there isn't, then IMO a good solution would be extended mandatory warranty periods (25+ years) and/or requirement to use user-servicable components and release full schematics when company goes out of business or cancels a product line.