that we live at a time when the accumulated wealth of the species is unfathomable and we have people who are desperately poor.
Kropotkin writing in the 19th century opined then that had everyone been engaged in producing useful stuff, we would address world poverty. he also said an economic system that was a trifle reasonable would not permit a few people, who by limiting production, increase prices of goods and services.
In his own words
[..]But over and above this, we must take into account all the labour that goes to sheer waste- here, in keeping up the stables, the kennels, and the retinue of the rich, there in pandering to the caprices of society and the depraved tastes of the fashionable mob; there again, in forcing the consumer to buy what he does not need, or foisting an inferior article upon him by means of puffery, and in producing on the other hand wares which are absolutely injurious, but profitable to the manufacturer. What is squandered in this manner would be enough to double the production of useful things. (The Conquest of Bread by Kropotkin)