I don’t think you’ve read any of what Adam Smith actually wrote. Or maybe you’re being sarcastic.

But to suggest our system is “capitalism” is hilarious. Our government picks winners and losers all the time. The amount of government intervention in our system doesn’t resemble capitalism in any sense of what that word means. We also don’t have free markets. Which for our industry a good thing. See cabotage.

But I generally agree with your sentiment that a golden parachute for a CEO that destroys a company brings to mind the “moral hazard” term that became so popular after the 2008 financial crisis. Negligence and crooked practices should be punished.

I certainly prefer our system to whatever you want to call China or even European countries and Canada have.