To fix this, you're going to have to remove Whales from the system. Alternatively, you're going to have to introduce moderation to the system.
The system is centralized right now (by whales), so you either turn it truly decentralized, or introduced a higher centralized force.
Or you trust in the Free Market and trust the other whales will take action, which costs them money, it must be noted.
Do you think the idea of a council of moderators trusted by the Steem community who would oversee such conflicts and step in would be a feasible idea? People are fueled by greed so I doubt other whales will take action as it would cost them money though I would like to be wrong. Morality can be corrupted by money and doing the right thing at a great cost puts a bad taste in people's mouth.
No.
I used to moderate a very large subreddit. Steemit lacks, but can add, tools that you need for effective moderation, though it'd take a while.
The problem is money. You'll have users who can say one cannot gain said value, or exercise their money-bought "rights." And said moderators will have to somehow resist acting on stuff that impacts them, and people will flock to them.
And if you elect them based on the voters' steem power, then you're not solving anything, because then the rich will appoint the people who are supposed to oversee them? Yeah, no.
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Dear Friend
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From today I will read you every day
sweared.