Many of these employees are so-incentivized by fiscal profit that they fail to see the immorality, just seeing opportunity. Maybe if our regulators weren't in bed with so many of the major funds...
"If you think there's a solution, you're part of the problem." —George Carlin (Conan O'brien interview)
You very quickly boil it down to morality and ethics.
Americans have a broken ethics code that says the free market magically solves the need for anyone to be a good person - if someone's a selfish ass, the free market and 'competition' will magically fix it.
Therefore I can be in bed with whoever I like, whenever I like - both literally and figuratively.
Life wasn't too bad as long as Americans believed in religions and this extremely stupid free market idea was balanced by an extremely stupid idea of God that wants you to be 'good'.
Now that Americans are unconstrained by anything and further emboldened by extremely stupid ideas of magical free markets - they're well on their way to societal collapse.
This is why Jordan Peterson is trying to bring God back - he knows Americans are a collapsing, degenerate culture. It's the wrong move and it won't work but he (unlike 99% of people) at least understands the root the problem. Oh well.
I wouldn't mind it too much because stupid societies full of stupid people should and do inevitably collapse but these stupid people have nuclear weapons. The way it's going - we will have nuclear war.
ps. most other cultures are also extremely stupid (they just have a different set of extremely stupid ideas). Americans just happen to have become the world ruler so they're of greater interest.
> stupid societies full of stupid people should and do inevitably collapse
No society endures forever it seems (maybe I'm misinformed?), but no society is immune to stupidity, so I'm not sure your statement about stupid societies actually has meaning. Collapse is certain, the causes less so.
I take solace in the fact that either nuclear annihilation or some kind of climate disaster, seems inevitable, but also nobody's fault in particular. We could avoid it if we weren't human. But I'm not sure that I want that. The good would likely be gone with the bad.
Maybe the cokroaches will manage better, or the robots, but maybe the Fermi paradox solution is that life always evolves to be too greedy for it's own good.