The article argues that there's been a change in business culture and mentality over a number of decades: the view that corporations were responsible members of the community has been replaced with the view that "greed is good", and corporations have no purpose other than unmitigated profit maximization. So where do you think the fallacy is? Or are you just focused on the word "broken", which again doesn't appear in the article?
Maybe it's because everyone went crazy over the word "broken", like in these very HN comments LOL.
Huh? The above comment is not a thesis about the nature of economic systems. It's a simple observation that the word 'broken' has a meaning. One which does not justify the author's usage.
The blatant misuse of loaded words is a form of deception. It is worth calling out.
The article author did not actually use the word 'broken'. The HN submission was editorialized.
https://fred.stlouisfed.org/series/A939RX0Q048SBEA
I suspect that we won't be able to agree on anything, but that chart says something very important -- however you might want to interpret it.
Tech is pretty healthy on balance but is that because everyone prefers to work in tech because other industries are so much worse?
Because it seems like our businesses have been producing some great stuff and generally improving standard of living. That doesn't mean that everything is perfect. But I'm not sure a system exists that is effective, efficient and prevents any possible bad outcome.