This is the standard myth of personal irresponsibility which excuses "punishment" for failure.
The reality is that the opposite is not just possible, but encouraged - right-wing governments in the US consistently use economic policy to prevent social mobility, economic freedom, and the kind of collective social investment that generates long-term social, political, and economic benefits.
It's all about concentrating economic power among an increasingly narrow sub-group, and economically disenfranchising the rest of the population.
The reality is that the opposite is not just possible, but encouraged - right-wing governments in the US consistently use economic policy to prevent social mobility, economic freedom, and the kind of collective social investment that generates long-term social, political, and economic benefits.
It's all about concentrating economic power among an increasingly narrow sub-group, and economically disenfranchising the rest of the population.
https://www.oecd.org/eco/Decoupling-of-wages-from-productivi...