Earlier quoted context omitted.
You forgot that collective ruin is also an option and we have seen this many times when societies attempted to do away with economic & market concepts.
Why is union-related collective ruin anathema, but elite-driven ruin is seen as an acceptable price to pay? Enron, the Great Recession, etc.
What are you talking about? Multiple people were convicted over the Enron scandal, including some serious prison terms.