This is the inevitability of unfettered capitalism. The pressure is towards generating wealth, with the intended hope that the side effect will be that this produces net 'good' for society. It has worked (to varying degrees) and has enabled the modern world. But it may well be running out of steam.

I do not think that the current philosophical world view will enable a different path. We've had resets or potential resets, COVID being a huge opportunity, but I think neither the public nor the political class had the strength to seize the moment.

We live in a world where we know the price of everything and the value of nothing. It will take dramatic change to put 'value' back where it belongs and relegate price farther down the ladder.