Also Adam Smith implied that unbounded avarice is irrational and disruptive to society.
The assumption is that morality survives grotesque wealth accumulation, we see many examples proving otherwise
Lots of people claim "greed", but the stereotypical Tech billionaire doesn't simply roll around in gold like Scrooge McDuck, doing nothing and demanding more. They invest and reinvest it into new enterprises.
Of all the ways of dealing with massive wealth, this is probably the second least disruptive one. (The first one would be just giving it to honorable causes.)
Ya know, just like the Sacklers and pushing oxycontin.
In 2026, we know that SpaceX is a huge success. In 2002, it was just one of very many space startups, the vast majority of which ended up bankrupt, and before the last Falcon 1 flight, it was already on the brink of bankruptcy. They were incredibly lucky that the last rocket they had money for actually reached orbit.
During the same time, John Carmack invested into Armadillo Aerospace, and lost money.
Was he less "greedy" than Musk only because in retrospect we know that one didn't pan out and the other did? Or were they both simply risk takers in an uncertain field, motivated by a mix of incentives?
This is not a I own stock am I culpable issue, it is a company knowing their product is dangerous and ignoring the issues because it doesn't make them more money.
Same shit as the tobacco industry. People do banally evil shit for money.
I think morality is quite hard to define and any system should take into account unboundedness of some human attributes (being greed, stupidy or other) in some humans.