What people forget is there is far too many wealthy people invested in Bitcoin for the 51% to be viable. Anyone who is invested in Bitcoin would fight back if it became a problem. Its true that we've already had one entity with more than 50% computing power but it wasn't a problem because they didn't use it for malicious purpose. However if they did it would be quickly obvious and the balance would change very quickly as those invested in Bitcoin turn their computing power on to combat it. 51% isn't viable with a small investment it would probably cost millions to sustain control of the network. You would literally be taking on the whole network and everyone invested in it. Multiple pools combining their computing power to be a vast majority of the network would be a concern and would cost both sides millions to combat. I know it would be bad for the network and would cause instability in the price but it would be interesting to see the both sides battle it out. What could be a problem is when quantum computers come along and the network is attacked.