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Google has sent internet into ‘spiral of decline’, claims DeepMind co-founder
(www.telegraph.co.uk)
This is a most excellent place for technology news and articles.
Capitalism isn't the problem. It's corruption. So rather than fix the problem and hold the corrupt individuals accountable, you'd rather stop the symptom. But then the source of the problem is still there and manifests itself elsewhere. But it's easy just putting bandaids on things, so I can see why that would be the crux of your efforts.
Corruption is the natural end result of Capitalism.
Do you really expect that in a society were "Greed is good" Lawmakers and Law-enforcers would magically not be seeking to maximize personal upsides like everybody else and positions of power within the State that could be used for such personal upside maximization wouldn't attract smooth talkers seeking to become filthy rich???!
You need to be pretty naive to expect that an environment where the greatest measure of success and discriminator for receiving superior treatment is having lots of money, the people who can get power from salesmanship (which is what politicians are: selers of themselves and of ideas) and being mates with said salesman (i.e. those who get nominated to positions by the politicians) would not be driven by maximizing their personal wealth and the prestige and superior treatment that is given to the monyed.
Given human nature, Capitalism without widespread corruption is about as realistic Communism (the whole utopia of everybody having the same, not the bullshit that the PRC and Soviet Union deem "communism") and, funnilly enough. they both fail for exactly the same reason: Greed.
I'd have to agree. Morals and ethics (and the lack thereof) are what drives this perversion and the same can be seen in other economic models tried in the past like communism.
One might argue that companies are forced to do this "because of the shareholders" but in the past companies weren't always solely focused on short-term gain with long-term term consequences (enshittification) and they made their shareholders plenty of money for longer. It seems the focus now is to burn bright and die out fast, but that path isn't inherent to capitalism itself.