In my opinion Monopoly is one of the worst possible options to choose for a game night, and has turned countless of people away from board games. It's a real shame that this abomination is so often the default choice when there are literally tens of thousands of better games around.
It was indeed literally created as a model of a terrible dynamic. The intended result was to come out of the game thinking "this was terrible, we should never get close to anything like this again"
* Current BGG rank 25002