It wouldn’t be “profit over everything”, there would be less short term thinking, more investment in communities and general welfare. — Xtrix
I know you're using shorthand in the statement "profit over everything" but to try to spell out what I find to be pivotal to this: profit for whom?
I think most will agree that it ought to be “profit for those deserving of it”, harkening back to what initially was the satirical term “meritocracy”.
Current global economy works by selecting for, as you mention, short-sighted interests profiting over long-sighted interests. Pithily expressed in the dictum “greed is good”. So those who are most greedy then gain most profits and, in tandem, most power over the way things should and will be - selecting against most all non-greedy interests, this in the long term at least.
For instance, you have 10 corporations with stocks that compete. As it currently stands in the world we have, if one of these ten corporations desires to invest some of its profits in being non-toxic to the environment, it will make less profits in the short term. Stock owners will then tend to invest in any of the other 9 corporations, resulting in this one environmentally sound corporation loosing out and, quite possibly, going out of existence. The corporations with short-sighted interest profit at the expense of those with long-sighted interests, as so too profit those investors in stocks who don’t care about long-term consequences but about their short-term profits.
I find that governance - here tersely read as intent regarding future outcomes - of some kind is always in some way in control of economics - here tersely read as what resources are appropriated to whom. And never the other way around. As a more concrete example, the state always governs who has what in some way - taxation laws as one example - regardless of how de-regulative it claims to be. This in order for the state to maintain itself. Trouble is, there of as yet is no (one would hope democratic) global governance regarding things such as a globally uniform taxation policy, despite there being a quite global economy. Which results in those countries that are more long-sighted in their governance of economy tending to lose out economically to those countries that value short-sighted profits. Simplistically, any country that increases the taxes of ultra-rich corporations, for example, will have these same corporations migrating as best they can to countries where these taxations don’t occur (the same can be said of individual states in the USA), and so will lose out on profits from taxes - inevitably impoverishing its citizens. Globally, this general problem to me is most apparent in terms of corporations’ migration to countries with little to no labor rights, hence where corporations maximize their profits via exploitation of workers … leading to a global race toward minimizing labor rights.
At any rate, I tend to agree with you. But I don’t find the problem to be that of profit over everything
per se (to the extent I'm interpreting you properly) but, again, that of the human-devised system we currently have (which will inevitably select for profit being realized for some human traits at the expense of some other human traits) such that what is selected for nowadays is short-sighted interests at the expense of long-sighted interests. Which those who seek to become wealthy must incorporate to so become.
For the record, I can’t discern any easy fix to the problem I see in current economics. Still mentioning it because I find there can be no resolutions if problems aren’t identified. Maybe tangential to OP, but still...