That doesn't jibe with how profiteers view how capitalism should work.

Their view transparently leads to the end of the world. It can, should, and must be discarded as deranged.

Honestly not sure what you mean by this. At least outside of the Silicon Valley bubble, there are plenty of profit-minded, capitalistic people who aren't trying to become a trillion dollar megacorp.

What are you referring to? It sounds to me more like a socialist version of capitalism.