An interesting read, but unless combined with some kind of quantitative background, i.e. how often this is happening, you can't use it as a general statement on what capitalism is like now.

If you ask someone to give you examples of crappy companies, things like "Enron" will pop out easily, but most people will start running out of names at about a dozen.

Here's a bunch of stuff on the Fortune 500. You can browse through it. It's not hard to find some companies that have serious problems, some of the sort you mention, others of different kinds, but it's not a majority by any means.

A free market is going to have crooks, losers, cheaters, and the same sort of crap humans bring to any endeavor. I think there are more good people in business than bad ones.