With the Billionaire Class dominating politics, economics, and the news media
This is !00% wrong.
Politics: the donor class is to the far left of the public on culture, aligned on economics.
Economics: Consumption inequality has decreased. Wealth inequality is irrelevant except for the envious.
News media: lol
The problem is too much socialism/egalitarianism/collective action:
"San Francisco, Bay Area, and California governments are all single party. The state legislature will be single party supermajority forever. The governor will be the same party forever. The state, region, and city are precisely what their voters and donors want it to be."
https://twitter.com/pmarca/status/1631511025936912386