This is a different issue from monopoly capture, as the VC money will eventually run out. This is more a "US con-man" thing, and in a way it is very traditional

This is a different issue from monopoly capture, as the VC money will eventually run out. This is more a "US con-man" thing, and in a way it is very traditional and lindy. Similar things happened during the railroad era or the oil boom. Without shady figures financing Las Vegas or Hollywood, those industries wouldn't exist today. Stopping those things would have caused much more damage than it prevented. Maybe the scale is bigger today, because the markets are flooded with money and there is no easy return on capital anymore, which means assets are ballooning and there is more temptation to inflate stocks. The end of it will not be pretty.