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I have had a hand in creating wealth too, ace. Most of us have. It's not a foreign concept. However, what tends to be the case is that the lower and middle classes have little recourse when a large proportion of this wealth flows up the chain into the minority upper class.
Call it trickle-up economics, if you will. It works.
As for whether free-market concepts are incorrect, I suppose we'll never know, but that's probably a good thing.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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