Well I take exception to the characterization of capitalism ignoring whether a product or service is wise for the people.
Capitalism is just a system where market economies thrives or fails.
In those two statements, you first deny, and then exactly support what I said.
You do the same again here:
The problem is bad news , tragedies, scandals generally captures the attention of the audience more than good news and feel good stories which rarely captures people's attention.
that isn't the fault of capitalism, its just the news outlets responding to what the public wants.
I disagree with your use of the word "fault" here, especially since I don't say it is capitalism's "fault" that what happens, happens. The "news outlets responding to what the public wants," IS CAPITALISM INCARNATE.
Capitalism is a MECHANISM. It is an artificial creation of whoever utilizes it, and it consists of whatever they decide it consists of.
Capitalism does not have a "wisdom component" to it, unless a people decide to insert one into it. No culture or nation I know of, does so, though a few occasionally try to do so on a case-by-case basis. This is why there are so many instances of short-term profits or savings being chosen over long term dangers and consequences.
Trump and the Republicans, just as the Democrats before them, have tried to cause American business people to make the choices that they wish, by manipulating the portions of the marketplace which they control. And just as happened to the Democrats, instead of making the political decisions that Trump and other Republicans said they hoped for, after taxes were lowered, and tariffs raised, business people instead made BUSINESS choices, for the sake of basic capitalism-based reasons. Just as they did when taxes were lowered under the Bush administrations. additional profits were not put in to raising wages or research into making better and cheaper products (in most cases), they were put in to stock buy- backs, and even into paying to build additional production facilities overseas, because, as basic capitalism dictates, that was the most profitable and productive thing to do with them.