> The law, in its majestic equality, forbids rich and poor alike to sleep under bridges, to beg in the streets, and to steal their bread.
The solution, presuming said law to be fair, is to make a world where no one has to sleep under bridges, to beg on the streets and steal their bread. Not getting rid of the rule of law. Of course, that presumes said law to be fair (aside from the last part, it isn't).
> Those with money and power DO have a lot of goals that are aligned with each other. They're not incompetent, and they understand the power of collusion.
Most people share goals, understand the benefits of collaboration, and exploitable conflicts still arise. The problem isn't caused by a lack of shared goals, but the presence of conflicting ones. Even just one can inhibit collaboration and induce sabotage. After all, there is no long-term collaboration to be had if your goals are mutually exclusive.
Also, it think it bears reminding that the alternative, regulation, is enforced through a powerful corporation that is structurally much harder to hold accountable (despite best efforts, although it was always a non-starter), the state.