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If it was about GDP it'd have "some" moral defense: That this leads to overall wealth growth of the population.

But it's not about GDP. It's about shareholder value which is absolutely not representative of the whole population.

Extreme greed is now part of US social contract, top to bottom, and has driven the whole society to madness sadly.



GDP does not measure “the overall wealth of the population” in any semantically meaningful way

But otherwise your point is correct




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