There's nothing wrong with hard work. But there is a lot wrong with the idea that you need to work until your health is impacted to succeed; if you need to work that hard, something else is off - the idea isn't good enough, you're attacking it in the wrong way, whatever. To me this ties into the gross, pervasive trend of wantrepreneurism. Shark Tank, Zuck, Elon Musk - being a founder has never been sexier, never been…
Ultimately its peddling false hope with just enough of an inkling of truth to not be downright fraud. Like peddling health elixirs, magic diets, or the casino's w/l rate. It will get worse as income inequality (and desparation) grows.
Hustle is fine. The requirement to give 110% at every moment of every day to succeed means, anyone with two neurons to rub together will just cheat. Not hard to find conspirators when everyone is in the same situation.