alt Hacker News> If we remove from life everything that people have access to by industrialization and mass production, then many or most people would say that "society" has collapsed.
I agree.
But I'm not convinced by the next paragraph. You present it as if it were a matter of 0 or 1. But I don't see any good reason why taxation shouldn't be used to make adjustments without immediately collapsing the entire incentive structure for investment. Less profit is still profit. If this argument were valid, there would be no large industries in countries that tax companies more heavily than the US.
No country which I am aware of taxes companies for reinvesting profit and for growing. On the contrary, some countries instead give tax breaks to industries if they are large enough. And these are socialist countries.
Thinking about how incredibly many factors have to come together right for a giant business or industry of any kind to be able to exist, I understand that governments are very careful to not poke them with too many sticks. Their products and services exports (and imports) are an incredibly valuable bargaining chip in foreign politics. The only other significant bargaining chip which nations usually have are military threats, and that isn't a pleasant road to travel.