This entire paper is operating under the fixed pie fallacy.

In your example - assuming human nature still exists - the person can generate wealth by accumulating capital that will increase the efficiency of the other 2.

I will agree that there are inefficient markets due to information asymmetry. In these markets, certain regulations aimed at reducing information asymmetry can be beneficial. Often times there are market solutions for this, but sometimes it is just not feasible.

However, the vast majority of regulations incentivize corporations to lobby the government for protection and etc. If not, it is likely a regulation that will hurt its competitors.

I am trying to find it, but at one point I looked at research on minimum wage and start up success. It was something like a 1% increase in minimum wage leads to a 3% reduction in start up success. Minimum wage and other regulations that increase costs for small companies on thin budgets only lead to more concentration of wealth.

The notion of "extreme capitalism" is similar to "late-state capitalism". they are buzz words that are actually describing a movement away from free markets.