If only a fraction of investments are available to the public, it creates economic inefficiencies: Resources are not flowing to the best investments. Also, it

If only a fraction of investments are available to the public, it creates economic inefficiencies: Resources are not flowing to the best investments. Also, it creates a two-tiered system with self-perpetuating A and B economic classes, rather than a merit-based free market that allows social and economic mobility and opportunity. Generally, that is seen as antithetical to democracy and to American values in particular (not to exclude other countries).