First and foremost, I'm not saying I - or anybody - should be running anyone's lives. And to be clear, Marx wasn't either. He believed communism could be run as a community, more or less as a direct democracy. I find this particular criticism of communism and socialism frustrating, because it skips a step in explaining the flaw. It would be like saying, "People opposed to gun rights want government oppression of the population!" - it skips a critical step, people opposed to gun rights may or may not want government oppression, but if you take gun rights away then the risk of government oppression of the population skyrockets. Likewise, communists want communism, which in theory allows everyone to have more (not less) of a say in their own daily lives than they have today - but in practice creates a bureaucracy that's even more oppressive than a capitalist plutocracy.
The regulatory burden on pharmaceuticals is necessary because of the risks. And as bad as that burden is, sometimes it's not enough - remember all of the cholesterol lowering drugs being heavily promoted that didn't actually reduce the risk of dying from cardiovascular disease or stroke?
Cars today are marvels of engineering. But it's difficult to prove either way whether the 200,000 plus mile span of cars today is something that could only happen due to engineering and technology pioneered in the 1990s. It's possible the world had to endure decades of unreliable garbage strictly because the automakers informally (or maybe even formally) agreed with each other that engineering for reliability was unprofitable.
With respect to smart phones, I agree that people are not prioritizing reliability. I think that's wrong. Again, I'm not asking for the ability to dictate what people want, but I would call it a failure of our education and a product of marketing that pushes blind consumerism over educated purchases.
Likewise with respect to SUVs, or trucks, or whatever, I'm not asking for the right to dictate anything. But I think it's not good for our society for people to be drawn to buying something so much larger than they need for the sake of vanity, and it's a product of marketing that pushes blind consumerism over educated purchases.