I don't have a problem with understanding why capitalism works, or even why it worked so well for us in the last century. But "straightforward application of basic logic", as well as simple observation of the world around us, clearly shows that the "invisible hand" is pushing us toward a very unpleasant future. We would do well to reconsider how much we want to follow that hand, because we don't share the goals of its owner.

But hell, we're dealing with incentive structures here, and people change those only when they're incentivized to do so. So maybe we really need to wait for Bitcoin or something similar to throw us back into XVII century (only dirtier) for people to realize that maybe, just maybe, they shouldn't have been treating feedback loops as benevolent deities.