To me it seems the opposite is happening: the push for higher profits by the Capitalists is overriding the competence of rank and file, resulting in these disasters. And all these profits just shoring up wealth that is accruing unequally to those same Capitalists is what is inciting socialist sentiments.

To me Ayn Rand's writings always seemed like an Economics Horror story: effective at instilling dread in its readers, but of some highly unrealistic boogeyman.