The only thing that capitalism brings to hierarchy is an abstraction layer.

You get the same dysfunctions in any organisation where the management levels are staffed by narcissists and sociopaths who need hierarchy to feel a sense of self, and need to enforce it to self-soothe.

There are political structures even more hierarchical than US corporations, and some of them punish status infractions + perceived failures with violence or death.

The problem is the dysfunctional psychology of hierarchy. The more upper levels tend to performative hierarchy and status plays, the worse everything gets.