This argument is reduced to absurdity because it suggests that everyone will get things cheapest if one Scrooge McDuck accumulates all the wealth and simply sits on it.
That's exactly the argument that was had in the Western world starting with the '70s inflation "crisis", and this was indeed the conclusion people came to: radical inequality is an acceptable price to pay for low inflation. And now we're suffering the consequences of having an overly deflationary labor market.
