My take: I like the epistemological model as a model / tool for thought (which is its role and place).
It seems derived from the situation in “developed” economies though, where indeed the opportunities to exploit a broken situation for profit are rare. Also because the higher price level / standard of living requires a monthly income that makes many “marginally profitable” exploitable situations unexploitable in practice.
In developing economies, it’s a different story though, with many more opportunities (I think). People from developed economies can join the “fun and games” there if they figure out how to lower the needs for (financial) profit first.