It's a lack of political will to enforce the deal between the state and corporation (edit: and citizens). Governments grant tax cuts to corporations (edit: and citizens), even thought it hurts the very infrastructure and society that enabled corporations to extract the money from the environment.

The current taxation systems nowhere pays for all the externalities. If a company made a dollar in a country, a fair share of it should get back to the state for providing the environment that made it possible. Education, security, infrastructure.