This reasoning is founded on the idea that there is at any given time a reasonably just distribution of wealth and the capability of the market to fill most any niche that society needs. Neither is even close to true the best way to get more wealth isn't to do anything in particular it is to already possess it and those who hold the overwhelming majority of wealth act to continually tilt the game board to ensure more of it fills their pockets and absent laws limiting their power and redistributing their wealth inevitably until their entire society collapses.

We and others have been flogging the idea of the market as the solution to all ills for about 3 centuries and their isn't a nation on earth that is anything remotely like purely capitalistic because there is no fucking reason to believe such a thing could ever work. Every functional nation has a central government which subsists on either a massive pile of material wealth it has appropriated for itself like Saudi Arabia or taxes its citizens to perform many functions that the market is ill suited to provide. If Libertarianism worked why has nobody done it in centuries?

You point out the money spent by LA to address homelessness and treat waste as a natural law when it is a function of a defective system not a specific failing which it so obviously is. We burn a bunch of money pretending to solve homelessness because we are shits. Finland solves it by housing nearly everyone because they are not. Hell social security, medicaid, and medicare proves the government CAN if it sets it's mind to it help people successfully.