GSW are in the running for being the greatest team of all-time. Teams like that dominant, lol. Personally, I think its amazing to see dominance like that because it won't always be around.
I can respect your point of view though. I think there are valid points on both sides (how competitive it is, are dynasties more fun or not, etc).
I'd agree. In fact, if they just said "screw salary caps, luxury tax, do whatever you want" I'd actually like that better (than the current system). What they have currently is this carefully restrictive system that concentrates power in some of the dynasty teams, despite all the seeming attempts at financial parity.
If they just made it total wild-wild west, we'd at least get an evenly matched Lakers vs. Celtics/Some Other East Big Spender team each year.
Then again, I could be totally wrong.