We're not really seeing this efficiency, though. For all the money being funneled into a small set of people, most of whom are not entrepreneurs but well-connec

We're not really seeing this efficiency, though. For all the money being funneled into a small set of people, most of whom are not entrepreneurs but well-connected parasites, there's very little coming of value out of it. Take human transportation. We're abysmal at it. Sure, we've gotten great at sending bits around, but for a person to travel from New York to London still costs several hundred dollars. The average person who works in New York commutes for about 35 minutes each way, and the inefficacy of our transport systems (all around the world) is reflected in ridiculous real estate prices. All of this is an unmitigated disaster, and the concentration of wealth isn't solving any of it. (For local transport, the solution is to tax landowners at extremely high rates and use the proceeds to build the world's best public transportation system in every major city, thus bringing housing costs down by increasing the available supply. The long-distance problem is harder and requires innovations in our energy policy.) There are big, real problems for humanity to solve, and rich people living out dreams based on what they saw in "kid-gets-rich" movies written decades ago do not solve them.