[m0llusk]

This piece ignores some potentially critical points. Having large amounts of capital to carelessly throw at organizations that do not have sustaining cash flow is a recent thing. Zero interest rates are casting their shadow here. Also, with modern analytical tools it is relatively easy to see, for potential investors if not the general public, roughly how profitable or not any given entity is. This makes growth dependent plays hard to hide.

On a more robustly positive note, ongoing progress with solid legal frameworks for benefit corporations may address much of this. Such companies serve stakeholders instead of shareholders and have employee ownership as foundational.

Leaning back and declaring Capitalism as flawed isn't good enough. If you have property rights and ability to sell labor then you have Capitalism. Corporations are a new innovation that we can hone. Large, shared allocations of capital will continue to be needed for essential endeavors so we need to figure this out.