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A good book that predicted this over 10 years ago:

Piketty, T. (2014). Capital in the twenty-first century. Harvard University Press.

This pattern seems common when wealth is concentrated.

And this work points out that concentrating wealth is a product of our stupid idea of how capital should work.

Lietaer, B., & Dunne, J. (2013). Rethinking money: How new currencies turn scarcity into prosperity. Berrett-Koehler Publishers.