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To me, what's happening in the US now looks very much like the wave of hostile-takeovers that destroyed British industry through the 70s and 80s. Adam Curtis "Mayfair Set" documents it well [0].

"Efficiency", which is an empty and practically meaningless word if you really examine it [1], was the cause celebre then too. And many of the perpetrators were charismatic and quite loved (Stirling was an archetypal British hero) up until the damage had been done and the trickery exposed.

[0] https://en.wikipedia.org/wiki/The_Mayfair_Set

[1] https://cybershow.uk/blog/posts/efficiency/