> unprofitable

I'm assuming you wouldn't see it as fine if the corporation was profitable.

> How did we get here?

We've always been there. Not that it makes it right, but that's an issue that is neither simple to fix nor something most law makers are guaranteed to want to fix in the first place.

Nothing in the rules stops you from cornering most markets, and an international companies with enough money can probably corner specific markets if they'd see a matching ROI.