What a great example of captitalism at its best! They maximize the return to the owner)(s). That is their legal obligation and number 1 objective. And guess what, I( I should look him up) bet the result is that society as a whole will be better off and I can draw a picture to prove it.
I think we have had enough experience and years to test this out and I would say the proof is that the people(goverment, society) needs to keep control over capitalist or they will steal the shirt off your back and piss in your boots. Sweden, Norway, Denark have done a better job at building a better society. They are not perfect but they are more balanced in their approach than we are.
Why do we hang onto these old dogmas where the evidence is blindly obvious that they had some things wrong. That damn Reagan and his fresh water economists had it so wrong. Voodoo economics it was called and was crazy. But the companies liked it and gave politicians money and the bankers gambled away laughing at the imbecility of it all. Matt Taibbi in his Griftopia masterpiece, called Greenspan, and I quote the chapter title, “The biggest asshole in the world”. Smart people lock into an idea which is fine but when the evidence doesn’t support it, you should change your theory. But our media is so powerful, it turns people into servants worshiping capitalism, America, guns the constitution and God who is not a nice guy at all.
As usual, I run out of steam and conclude we get what we sow.