Whenever people see old systems still in production (say things that are over 30 years old) the assumption is that management refused to fund the replacement. But if you look at replacement projects so many of them are such dismal failures that's management's reluctance to engage in fixing stuff is understandable.
From the outside, decline always looks like a choice, because the exact form the decline takes was chosen. The issue is that all the choices are bad.
In other words, the capitalists won.
Where I work in government we've stopped paying for important data from vendors (think sensors around traffic etc.) because the quotes are eye-wateringly expensive. But I've worked in data long enough to know the quotes probably reflect genuine costs, because data engineers are so incompetent (and if it's a form of pricing gouging it's not working because gov isn't paying up). So it looks like we're choosing to be in the dark about important data, but it's not entirely a choice.
Saying we can do stuff but it's unaffordable is imo just another way of saying we can't do stuff.