There’s more wealth being transferred in circulation than ever before

Which, as lingh0e pointed, is meaningless since most of it is coming from and going to the wealthy.

There’s more food being produced than ever before

And yet, hunger is still an issue worldwide. What's the point of producing, say, 100 tons of food if 40 tons go straight to the trash?

Your points are invalid without the context

What context? Inequality is rising and you can check that with a quick search for "countryname inequality index per year". For the food, it's probably harder to really assess how much of the production is wasted, but it's a significant number.

we need better regulation and methods to prevent collapse and waste

Good luck doing that, as it hurts profits, and the profiteers will spend more money than you and me will ever make in our entire lives combined to fight said regulations.