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I see yet another problem with the Singularity. Say that a group of people manages to ignite it. Until the day before, they, the team were forced to buy the food and everything else. Now, what does the baker or pizza guy have to offer to them, anymore?
The team has everything to offer to everybody else, but everybody else have nothing to give them back as a payment for the services.
The "S team" may decide to give a colossal charity. A bigger one than everything we currently all combined poses. To each. That, if the Singularity is any good, of course.
But, will they really do that?
They might decide not to. What then?
You are assuming that the S team is in full control of their Singularity which is not very likely.