> but I do not think the problem is capitalism itself as much as institutions and structures that force short-term rewards.

Capitalism, at least its currently flavor, seems to increasingly favor short term rewards.

Nothing is planned and built for the long term. Companies have no interest in selling you a product that lasts forever. Planned obsolescence and things built to fail are commonplace. In fact they would rather not sell you products, but that you rent them instead.

Governments operate on short term election cycles. Corporations operate in quarterly reports. If something makes sense for the long term but is bad on the short term, it is scraped.