Technology
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I don't know if this is oversimplified. Probably is. But this is my understanding of it too.
It's more than an individual greed problem. It's a systemic mandatory greed problem.
It think it became "mandatory" when we removed pensions from the equation and tied "everyones" retirement savings to The Market™©® so we need companies to be considerate of their stock price as it's often our retirement that depends on it.
Nothing like a loaded gun put to our future foreheads to make us go along with some more bullshit...
Well put
Yes, it is simplified. But basically this is what happens every time. The pattern is the same.