Capitalism contains the seeds of its own destruction. The relentless drive to shave fractions of a cent off costs in the short term creates the conditions you describe in the long term. In other words, it's like being penny wise and pound foolish on a global scale.
Fake News... that is not capitalism, that is a by product of decades and decades of tex based incentives that push people in to market index funds, mutual funds and other institutional investment where it is all managed funds
These managed funds are driven by quarterly earnings people expect to see...
This intern drives public companies to focus on quarterly earnings
Privately held companies almost never look at quarterly earnings, they look at a 5 year picture... It is mainly public companies majority owned institutional investors (401k's, pensions, etc) that focus on quarterly earnings
So once again what people blame capitalism for, is in reality government putting their hands on the scales and tipping the market in ways that have unintended consequences
