Corrupt billionaires was the problem when it was a monarchy. It was a problem when they were plantation owners. It was a problem when they were railroad barons. It was a problem when they were automotive industrialists.

During Hoover, even the US people, who were taught to be terrified of communism knew that what we had wasn’t working. FDR pushed the New Deal through as a last bastion of western capitalism, and at that very moment, the ownership class started working to roll all that back.

Curiously, billionaires can’t seem to remember the whole thing about the social contract, that to keep the working class from burning it all down, you have to make sure they are compensated enough to survive. They’re not doing that, and eventually too many people are going to have a grudge and would rather no system than this system.