Agree with some things in the post, but unequal distribution is also natural phenomena. That being said, the distribution of steem on here is getting more egalitarian over time rather than less
As you pointed out, circle jerking is a passive problem on here as the short term incentive of maximizing curation rewards encourages voting for established authors rather than finding quality posts, which would be better for the platform as a whole.
It's an honor to have you on my wall @trafalgar. Here, have some tea and enjoy your stay.