These days, it doesn't matter if what you make is good, as long as enough people have heard of the name to give it a go on streaming platforms. That's also why we have endless sequels instead of new ideas.
If subscriptions to streaming platforms were as easy as flipping the channel, then we wouldn't see so much of this. Also, ad-supported streaming might curtain this trend, but right now, your money is already in their bank.
The fact that this will undoubtedly be used for more woke propaganda isn't even the biggest problem.