[contravariant]

It's somewhat interesting how the wisdom of the crowd and economic theory for rational actors are usually combined as an argument for free markets.

While the reverse is not used as an argument against unchecked wealth.

[strken]

My understanding is that unchecked wealth only remains that way until its owner acts irrationally on a stock exchange, at which point it is quite rapidly checked and becomes someone else's unchecked wealth.

Which is to say that Elon Musk can inflate any market he wants, but only by losing sums of money that will become increasingly significant as more and more people find out about the free cash giveaway.

[lovich]

I’ve used it.

There’s no functional difference in how markets work when 99% of wealth is owned by a handful of kings vs 99% of wealth being owned by a handful of oligarchs.

[Imustaskforhelp]

I don't really think so. You just swapped the term king to Oligarchs. In fact the Oligarchs are even worse because people think that they have freedom when they might not in fact have such freedom in the first place.