> This [billionaire] class has no idea what to do with its wealth, much less the power that results from it. It can only withdraw and extract, socially and economically, while the political justifications for its existence melt away.

Would love to hear his perspective on Bill Gates.

It's very interesting to think about this because most people pursue wealth for this very reason - to be freed from constraints of responsibility and to do whatever they want.

However, it seems to be the opposite once you get too much wealth - you all of a sudden become (due to the closed economic and political system) extremely publically responsible.

This is also the first generation of such public billionaires in an era where everyone with power has their lives projected on a live screen for people to see.