There is clearly not enough incentive to bring a bigger portion of a population towards a [somewhat subjective] better quality of life. This might be the polarization inherent to human nature.

So far we have done well to curb and mitigate crime, risky events, etc. Maybe the next phase will be more long-term focused including sustainability, responsible waste management, sensible regulations on fast-food and healthcare, etc.

Let owning property while the market rises benefit the few, we cultivate human capital more broadly. We have to be cautious of bloat, red-tape, short-term-thinking spreading to more systems and processes. We have to do something about education systems that seem to face too much inertia and vested interests among other reasons to not witness significant-enough innovation.

^ a few random thoughts in response to your first point