An important addendum is that the government/finance revolving door must end, because what is sitting at the confluence of the rent-seeking you describe and the

An important addendum is that the government/finance revolving door must end, because what is sitting at the confluence of the rent-seeking you describe and the regulatory capture I just alluded to is our current paradigm, where the public is constantly forced to bail out "wealthy" entities in the wake of their bad bets blowing up and taking out an institutional pillar of our economy or two. It has happened multiple times just this year, almost silently (on top of the high likelihood of a few additional instances happening completely out of view of the public, both here and abroad).