> currently we have a particular nasty flavour of it, that deserves its own name (e.g. hypercapitalism?)
Corporatism.
It's publicly-traded corporations that cause many of these negative effects:
* Since investors treat corporations as black boxes that are just numbers going up or down, they are separated from the non-financial ethical consequences of what the business does. We all, through our 401ks, probably own stock in companies doing outright horrendous things to human rights in developing countries or harming the environment.
* Investors put pressure on corporations to grow at the expense of all other things. Corporations that fail to prioritize that will be replaced by better-capitalized corporations that do. It is an evolutionary environment where the primary selection pressure is growth.
* An effective way for a corporation to grow is, instead of competing, simply acquire competition to reduce selection pressure and then do things like regulatory capture to rig the system.
Corporatism.
It's publicly-traded corporations that cause many of these negative effects:
* Since investors treat corporations as black boxes that are just numbers going up or down, they are separated from the non-financial ethical consequences of what the business does. We all, through our 401ks, probably own stock in companies doing outright horrendous things to human rights in developing countries or harming the environment.
* Investors put pressure on corporations to grow at the expense of all other things. Corporations that fail to prioritize that will be replaced by better-capitalized corporations that do. It is an evolutionary environment where the primary selection pressure is growth.
* An effective way for a corporation to grow is, instead of competing, simply acquire competition to reduce selection pressure and then do things like regulatory capture to rig the system.