Absolutely.

Is there ever an actual equilibrium? Can those who work to create content ever create or reach that possible equilibrium? Or is it just an imagined possibility that will never happen? Is it forever a rate-race to the top that continues be a moving goalpost?

The goal of social equilibrium may never be attained in this type of model we have in Steemit... but I'm not sure as to that conclusion. It seems this way on first processing how my progress would go. An eventual equilibrium could be reached if those who are at the top don't keep growing more than those who try to climb. Otherwise the goal for social decentralization of power may not be what Steemit/STEEM can do in the long term...