Thats right, the steembarons are there because of hard work and big tits. There are no problems with the underlying system

If steemit wants to be reddit with all its top down problems, the devs should make sure that a small group of people with similar interests stay in power.

If you care about "economics and prosperity" a currency should be liquid and stable, not hoarded by a small group. Unless you're talking about the prosperity of a small group.