the conclusion is correct, but might I also add that it’s because of short term profit, today not tomorrow.
if capitalism just focused on long term profit, then climate would be tackled, as well as health issues like smoking. these things are all unprofitable.
I was curious, so read up on wikipedia.
somebody measured horses in 2023, and foumd that horses produce 5,7hp https://en.m.wikipedia.org/wiki/Horsepower
edit: wikipedia links to youtube
https://www.sciencefocus.com/science/how-much-horsepower-does-a-horse-have this one also says 15, teorietically 24 🤯