<i>From a purely utilitarian perspective, the rich often leverage their capital to achieve things that would be impossible or difficult to do without access to the capital they created.</i><p>They also often waste their capital on complete failures. Whether the rate of wasted spending among the rich is greater or lesser than the rate of waste in government is open to debate. But &quot;from a utilitarian perspective,&quot; you can&#x27;t ignore the fact that there is also massive waste and fraud in the private sector.