> It's striking that the Bread and Games of the Roman Empire works out so well even today after that many more people are are comparatively well educated and should know better.
What would you expect people to do? Most people want a peaceful life with their friends and family, passing their time pleasantly until they die. Sure, it would be nice to be a billionaire, but most people don't want that enough to do much about it (and rightly so, in my opinion, since the utility of money decreases rapidly the more you have).
Your comment implies a critique of what people want, but I can't make out a suggestion of what they should want instead. Yes, it would be great if more people were richer, yes, we should make that happen, but no, being a billionaire isn't really worth pursuing when you can be very happy with much less and without sacrificing two decades in the process for a shot at a lottery ticket.