You don't have to be left wing to decry the corrupt and misguided 'reforms' that have led to this. You just have to understand the underlying nature and functionality of the fiat monetary system.

This gross and growing inequality is the result of neoliberal deregulation of banking in the late 1970s and early 1980s. The financialisation of everything.

The removal of the crucial restriction on the purpose for which commercial banks could issue fiat debt finance- prior to the neoliberal 'reforms' commercial banks could only finance productive purposes. After the reforms the fiat debt funding of speculation sky rocketed- resulting in sky rocketing assets prices (think housing) and the establishment of the parasitic rentseeking crony capitalism that is the US and most western economies today.

Neoliberalism being the antecedent to Libertarianism. Their markets solve everything ignore the propensity to form monopolies and cartels and to misuse fiat debt funding for speculative purposes resulting in a parasitic wealth creation model where inequality skyrockets, productivity plummets and here we are.

Thanks for nothing Neoliberal Libertarians. You wrecked the west and opened the door for China to rise and subjugate western civilisation.