Great article. I think a lot of our problems are rooted in monetary policy. The great irony is that the current monetary system was intended to help create opportunities in an era where innovation had slowed and capital had been monopolized by industrialists. But instead of creating opportunities for all, it merely facilitated a wealth transfer to the politically-connected class who were close to government money printers. Under this system, money became even less about value creation and more about social connections and nepotism than ever before.

It's not surprising at all that nepotism has become a problem given that the current system is all about social connections and has little to do with value creation. The winners are typically 'chosen' top-down by a small elite investor class instead of having to win over customers bottom-up. Social mobility is decided by those on top, not by those at the bottom of society. It's also why those at the bottom get screwed over so badly; they no longer have anyone representing them among decision makers as they don't play any real part in leader selection. Those on top don't need the money of the masses as they can just print it for free and then use it to monopolize workers' labor.