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I don’t think capitalism would ever allow less than 365 days of work a year in many companies. People at the top only see one thing, and it’s money incase it wasn’t obvious. So less production and less money at face value are not something they would entertain.
The cool thing is that humans tend to be more productive when mentally well adjusted so if you're not doing a mindless 'cattle' job like callcenter support vacation days are in the interest of even the most heartless CEOs. If they're aware of it is another question.
The Communists of the USSR didn't like vacation time, but accepted it as necessary for workers to reset and return to work refreshed.
They believed that once their systems were perfected vacation would become unnecessary and workers could work all year without breaks.
It's pretty terrifying that there are still people in leadership positions who haven't accepted these fundamental facts of work!
I don’t think it is capitalism that is causing that. It is the idea of maximising shareholder value that the American economist Milton Freedman injected into the minds of political and corporate America.
I live in a capitalist country with, in law codified, employee protections including a minimum of paid time off. In addition to that, a strong union that keeps companies in check.
Capitalism works if the rules balance the power of the workers and the capitalist accordingly. But Freedman had other ideas and those are bad for everyone except a few rich guys.
The problematic thing is that the capital has the high ground in capitalism.. Therefore it always tries to get those pesky rules removed by just threatening politicians through taking away jobs and industry to other countries with lesser worker rights for example.
I don’t agree ‘it has the high ground’. It is given it the high ground. Capitalism is all about high risk that can lead to high reward. If the rules are changed to low risk will always result in high reward for a few individuals, you end up in a system like this.
However, the system only works when the democratic systems are sound, and let’s be frank here, the democratic systems of the USA are nowhere near sound. The fact that, what you rightly addressed in your post, capital has more influence in politics than votes have, is a red flag.
So, don’t blame capitalism if it is your political system that is at fault. Because if you don’t fix that, no other economic system will function accordingly.
Have a look into how those laws came to be :-)
Again, not capitalism, the economic system, but political ideologies that cause it.