Another dimension besides just the economic outcomes is the constant appearance of normalized, or even celebrated, impropriety. There's no real accountability for exploiters and no meaningful restitution for the exploited in pretty much any domain. Institutions which advertise themselves as society's equalizers (e.g. "Nobody is above the law") regularly prove to be either nakedly inadequate in the best cases or even active promoters of predation in the worst cases. So people stop believing in the premise. Impartial institutions, or at least the believable perception of impartiality, is perhaps the most essential component to sustain "Western society". For example, I strongly suspect that if any real accountability and real restitution had followed in the wake of something like the 2008 financial crisis, we'd see a lot less radicalization today.