Maybe that's an unconventional take. But in my mind, the situation is the result of 'instantaneous' incentives in companies. I.e. CEOs and managers are rewarded

Maybe that's an unconventional take. But in my mind, the situation is the result of 'instantaneous' incentives in companies. I.e. CEOs and managers are rewarded when the stock price rises and are never penalised if things fall apart in a few years time. Hence, the motivation to save costs and financialise the company. By the time you start to see the results of this the CEO already left on his/her golden parachute. In my mind, the financial incentives need to be based on performance in 5 years or 10 years.