I agree with other comments stating the market will weed out people who are too busy getting high on momentary fame to create something of lasting value. The OP's argument that this is a mis-allocation of resources is bunk -- these resources are EXACTLY where they need to be, and to me this reads like a very outsider look at Silicon Valley. People do dumb stuff, fail, and then either come back stronger with lessons learned or give up and are weeded out (as founders). Often they go on to make awesome startup employees.
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I agree with other comments stating the market will weed out people who are too busy getting high on momentary fame to create something of lasting value. The OP's argument that this is a mis-allocation of resources is bunk -- these resources are EXACTLY where they need to be, and to me this reads like a very outsider look at Silicon Valley. People do dumb stuff, fail, and then either come back stronger with lessons learned or give up and are weeded out (as founders). Often they go on to make awesome startup employees.