[imtringued]

It's called capitalism. Some confuse that with the more neutral concept of a market economy.

In capitalism, individual wealth accumulation is the primary goal, not employing and paying people living wages.

Since capitalism is a disequilibrium state, full employment is not expected. Busy work is part of the system.

[orangepurple]

It is not entirely correct to describe the social contract within a corporation as capitalist if you are salaried and compensation is indirectly tied to performance.