Sure, it has been better since the economy switched away from serfs and slaves to wage labor.
It does, though. Same shit can be seen everywhere. Food for profit? Addictive poison. Health for profit? Ineffective care with prolonged suffering and excluded populace. Cars for profit? Emission cheating, subscriptions. Farm equipment for profit? War on independent repair.
Profit motive worked when the market was regulated, there were not many monopolies, excessive profits were progressively taxed, research has been sufficiently well funded, worst jobs were outsourced to colonies and most importantly markets were not saturated and there was an organic demand for new and better products.
It does, though. Same shit can be seen everywhere. Food for profit? Addictive poison. Health for profit? Ineffective care with prolonged suffering and excluded populace. Cars for profit? Emission cheating, subscriptions. Farm equipment for profit? War on independent repair.
Profit motive worked when the market was regulated, there were not many monopolies, excessive profits were progressively taxed, research has been sufficiently well funded, worst jobs were outsourced to colonies and most importantly markets were not saturated and there was an organic demand for new and better products.