"The shift towards profitability" that made facebook lay off 11,000 people to save 1.5 billion to spend 40 billion on buybacks.
Not arguing for “unrestricted capitalism that is never tamed” - but with a functioning social net and access to basic needs for almost everyone it’s probably pretty amazing.
You are also missing, that for most people this is probably great: less high income individuals competing for resources in the marriage, housing, etc market. They see their wages increased and their relative purchasing power in society lifted and are happy about this development.
When Zucc says "I view layoffs as a last resort" and then announces 40 billion buyback he should be lawfully punished. If there's no law for that there should be.