Yes and going back to the your original question > Assuming that the allocation of capital is somehow aligned with what’s optimal for the economy/society seems

Yes and going back to the your original question > Assuming that the allocation of capital is somehow aligned with what’s optimal for the economy/society seems naive The empirical facts are that the disposable real wages have gone up by more than 50% over the last 20 years. People are way richer now than before and the growth in USA is much higher than any other developed nation other than small edge cases.