Earlier quoted context omitted.
> It seems to me the subtle miscommunication between billionaires and the rest of us is the rest of us are asking “what ever will you do with a dynasty” and many billionaires, I think, have a mental model of “I have proven I can employ this wealth more effectively than bureaucrats, and I like to solve big problems, and wealth makes it easier to solve big problems.” > This is a huge generalization we could easily find…
I don't disbelieve you, but do you have evidence to back this up? That is, do you have evidence that suggests value capture at the price of value creation is more important than value creation itself?
If you capture value you don't create, you become staggeringly wealthy.
Note that I am not claiming that value isn't being created at all in that second scenario, just that the entity capturing the value isn't creating it.
If you capture value while destroying some, the picture gets more complicated, as it depends on the nature of the feedback loops involved. It isn't too hard to see examples in the wild of organizations pursuing strategies aimed at getting a larger slice of the pie, or at getting slices of more pies, rather than strategies that are aimed at getting the size or number of pies to grow overall.