Growth at any cost is creating a dystopian society. Tax share price increases so companies can focus again in making good products and providing good services.
To reward growth above all, and share price instead of profits does that, creates incentives to grow now at the cost of the future of the company and the trust of customers or even society.
That’s just how capitalism works. People try to invent all these different terms and nuances that at the end of the day are really just properties of capitalism when the state is captured by capitalists.
Monopolistic behavior? Oh that’s _corporatism_ not capitalism! No it is very much capitalism. It’s the same with this growth at all cost thing you’re saying, as if that is a cat that can be put back in the bag.
Unless and until the state is a foe of capitalists things will continue to get worse. Look at how government operates today. The regulators may not be bribed directly but wow they sure do end up with good jobs after they leave government.
To reward growth above all, and share price instead of profits does that, creates incentives to grow now at the cost of the future of the company and the trust of customers or even society.