The fact that there are billionaires in the world is unfair. Most of them didn't create any value for society. They just captured value created by others. They

The fact that there are billionaires in the world is unfair. Most of them didn't create any value for society. They just captured value created by others. They were just at the right place and at the right time. Wealth is so concentrated today that it has turned capitalism into a zero-sum lottery. It's a lottery not only in the sense that there are very few winners and that the payouts are huge but also in the sense that the winners are chosen randomly. Investors invest randomly because they have no idea what's going to work; that's why less than 10% of all companies succeed. There is no skill involved in distributing capital efficiently; it's either completely random or the result of monopolistic wealth-concentration.