Comment by TheOtherHobbes

This is a basic feature of capitalism and every other acquisitive social system.

Without forced redistribution of wealth/power that set hard limits you're going to get a runaway, and the whole thing melts down.

This won't happen if the people with wealth/power care about consequences and have the wisdom to model outcomes accurately. But the kinds of people who care about consequences in capitalism are unlikely to be chasing huge wealth in the first place.

The system cannot work. It's fundamentally manic depressive, alternating between irrationally exuberant booms and catastrophic crashes, and consuming talent and raw materials for self-defeating ends.