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I’d venture that it’s corporatocracy run amok rather than an intrinsic problem with capitalism.
It’s possible to have extractive industries that don’t e.g., wantonly destroy ecosystems or routinely screw over smaller players (like the Michigan municipalities in your link). It’s just that there has been a decades long trend in which the system increasingly incentivises corporations to do whatever it takes to generate higher profits, while also failing to adequately penalise said corporations (and the decision makers within them) when they break the law. The great trick is that the system can be re-designed, but the players in power have no incentive to do so.
Adhiero
@skydancer
And across the Atlantic Capitalism reigns supreme when it comes to water:
Pep$i and Co£e bottling water from municipal supplies then selling with huge mark up, while their water bill remains unpaid
wtf?
https://www.theguardian.com/us-news/2020/apr/23/pepsi-coke-bottled-water-consumer-reports