First of all some things have to be mentioned:
-Over historical time most wealth was not gained through “hard work” most wealth was gained by exploiting others (slavery) and people and persons having bigger sticks then the other guy. Most states in existence today came into existence through bloodshed and conquering others laying the ground work political economic changes because of their monopoly on force and the legal system. Institutionalized exploitation.
-The other is large numbers, you can’t get billionaire rich if you exist in a small society of 10,000 people, it’s a matter of “economies” of scale, it’s a nice way of saying you have large numbers of people, if we had computer systems that automatically adjusted prices based on volume of units sold, so that after a certain amount (say 100,000 units) prices were forced down to just above cost to minimize having people having too much power, we’d go a long way to solving the worlds problems. If you’re a business person and you sell a million copies of x game, you can’t get rich if the size of the market (i.e. people willing to buy what you’re selling at x price isn’t big enough).
The whole problem though is not the price mechanism itself but the ABUSE of the price mechanism, i.e. the institution of money and property is not neutral, “individual transactions” can indirectly harm others. For instance the process of gentrification is an artifact of how wealthy people indirectly harm poor people see here:
This all comes about by people being able to set their own prices, in other words, ideally if we want to fix problems in the world we’d have to have come up with new models to deal with the abuse of the price mechanism that comes with economies of scale.
People like to think successful or rich people “got their by hard work” it’s a lie, getting rich is merely an artifact of the legal system, property system and large numbers over historical time. If you could live long enough and were confident enough to live off the grid (minimizing all expenses) you too could get rich merely by exploiting large numbers (in this case years of your lifespan).
How people get insanely rich over short periods of time has everything to do with economies of scale. legal chicanery, institutionalized loopholes and very little to do with hard work. Though people would like to believe this myth. If you doubt this, consider that $1,000,000 earning 1% interest a year in a bank account is $10,000 vs 100,000 earning 1% is only $1000.
This is how institutionalized exploitation works in large economies of scale due to geometric scaling effects and the use of money/for profit system. Ideally if you wanted to reign in inequality you’d put limits on how much an individual or group of individuals could accumulate, and you’d allow people to seize other peoples assets when they got too big.
So many problems in the world come down to too few people having too much due to artifacts or flaws in the institutions we’ve inherited from the past. And it has nothing to do with ideology, socialism vs capitalism. For instance is it really a better world to have billionaires and homeless people within the same society? I doubt anyone with a conscience can believe it.
One must look beyond ideology and the vagueness of ideological language and be able to criticize the institutions we’ve inherited from the past (especially money and property) to see how flaws in these institutions crop up and effect society in negative ways.