You see, it’s not theory. It’s not ssssyyysstem versus ssssyysssttemm.
Everything changed in the 1980s, however, with the advent of Reagan, Thatcher and Chicago School economists who preached the alignment of management with shareholders in the name of “efficiency”.
In effect, “efficiency” came to mean short-term earnings to the detriment of long-term organisation-building; what was touted as “wealth creation” was actually “wealth capture”, from suppliers, clients and employees as well as competitors, on the grandest scale since the robber barons.
Not Red or Blue States.