Rich folks are only so seemingly "efficient" and good at creating capital because they decline to do what the government does. The ultra wealthy property devel

Rich folks are only so seemingly "efficient" and good at creating capital because they decline to do what the government does. The ultra wealthy property developer only builds what is profitable, and so slices off to serve only the most profitable part of the market to serve, and accordingly only builds luxury condos. Meanwhile the government is obliged to serve everyone, the disabled, the poor, etc, and so with its housing whatever profits are gained by its market priced rents to the middle class are leveraged toward sustaining the unprofitable housing it is obliged to create, and the whole enterprise isn't profitable and needs outside subsidy to continue. We disparage this as "inefficient" government yada yada. These two different groups aren't working on the same problems.