> they serve the interests [...of] the incumbents
Yes. The employees. That's the point.
> while [...] ignoring the larger consequences like the whole company
Good. That is, again, the point - to advocate for the employees when their interests are in opposition to those of the company.
You say they're counterproductive - sounds like they're working exactly as intended.
>You say they're counterproductive - sounds like they're working exactly as intended.
it can lead to the whole company or industry to be destroyed, so while it may protect the specific incumbents it puts the whole industry/country in jeopardy. in aggregate these things can work against favour.
if everyone ends up doing this the system can't work