Tell me of a society that is not owned by some form of elite or another. It’s only a degree of how much proportional wealth is concentrated at the top.
The wealthier a society becomes, the more concentration of power there is, it seems.[/quote]
True, but right now, things are at an extreme relative to the period since the Great Depression (the GD was also caused by extreme wealth disparity, IMHO).
I’ve never known of a successful society that had this sort of wealth disparity. It is usually the sign of social and economic decay…and imminent collapse.