The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins all of them imaginary.
Don't get me wrong magic is cool. But a nervous mother singing to her child at night while something moves quietly through the dark outside her house? That's a story. Handled properly it's more dramatic than any apocalypse or goblin army could ever be.
The forces in a capitalist society if left unchecked tend to make the rich richer and the poor poorer.