Not gonna downvote you, but you sound somewhat like an apologist for elitism. "Normies" is also too big and diverse a category to paint with such a broad brush.

I think It's possible to live in a world where economic incentives do have a role but where there are some limits on wealth disparity (and resulting quality-of-life disparity).

For example, I think the cellphone is a decent example of where the market was the prime mover (with one caveat: don't forget who invented the internet) and the poorest people did benefit from rich world tech investment and speculation.

But pharma and basic research is a mess... a lot of it subsidized by the taxpayer via grants in the university system, meanwhile price gouging on the other end by the pharma corps, for their contribution ("we have to make obscene profits or you won't have vaccines!") and insurance middlemen basically feeding off everyone else's misfortune.

And I think that if true life-extension arrives... the model will be much closer to the latter.