This is called rentierism, and there are rentierist societies - where the entire societal fabric has been shaped for the benefit of a rentier class, and protection of their rents.

Usually people in the West associate the later with some banana republics or petrostates, but...

I believe it is intellectually dishonest to omit Western idolisation of rentier lifestyle.

Compare a desert tribe jealously protecting their oil derrick, and how, say, IP lawyers protect their patents, real estate hoarders protect their turf, and high finance people protecting their regulatory watering holes.

The most high societal class in US are the people who master the manipulation of artificial scarcities: securities, permits, licenses, legal patents, royalties, copyrights, and etcetera.

And this is pretty much the shopping list that well off, and well connected give to their children by mid thirties.