Earlier quoted context omitted.
> an inevitable part of late-stage capitalism, no? No. There is no playbook or inevitability playing out. "Late-stage capitalism" is just lazy cynicism by a different meme.
Well, maybe I should have re-phrased it to "Capitalism with maximizing shareholder value characteristics". Toss human nature on top of that, and you're biased towards "late stage capitalism".
I believe in continued failure until success. Letting failure die.
Capitalism in it's current form has it's incentives mis-aligned. When aligned correctly, and not solely chasing the highest returns or Internal Rate of Return - capitalism can be the most potent force I feel on Earth.
Why? Because it aligns humans incentives (do better, provide more for self & family) with growth.