My point was not that this happens as often as it should, but rather that the system we use now is built around the recognition that it’s important to do so, and consistently produces the most of that kind of result out of any of our systems. That is, if you look at market based systems against the others, in practice, they have the most people who end up wealthy due to merit — and why McDolands is one of the largest minters of “minority” millionaires ever.

This is important, because it implies the solution to our problems with the present is not to throw it out for a system that does worse asymptotically (eg, swap capitalism for socialism), but rather to further optimize and refine capitalism.