The cheap things from china, all your amazon crap, your iPhones and all the rest of the so called "nice things" of today's society are only gained through (near) slavery conditions elsewhere.
This delayed effect on how bad things are that is now reaching rich countries like the US, but it has been around on every other "developing" nation in the world for a long time.
I don't think we're talking about the local grocer. We're talking about multi-billion corps that can do anything. Banks that are literally "too big to fail". Industries that control entire sections of governments.
This is the endgame of capitalism and nobody ever wants to face. It's an unsustainable system that will likely end in a dystopian-like world with mega corporations controlling everything and everyone (even your salary through UBI). The theory that corporations get too big then break down resetting the cycle no longer applies because the technology evolved.
I mean, the sole purpose of a business is to generate profit.
It's not to improve human kind, to cure diseases, end the world hunger or make everyone's lives better. It was always, and always will be, in the name of profit. When we realize that profit is literally ripping people off from their work, maybe some might change their views.