No. It's a problem of excessively-corrupt, under-regulation of individual greed that only a professional, more "angelic," functional, legitimate, ethical, and sensible human social structure (government) can and must limit fairly to prevent a few individuals from hoarding treasure and destroying others. When a few rich individuals effectively own the government in all but name, they own enough power to make it do their bidding and block anyone else from challenging them. They will never relinquish such power willingly because they "need" it to protect themselves and their greed and entitlement makes them believe it's theirs alone. Revolutionary communism probably isn't the answer, but revolutionary sensible something else might be. There is no other way except extremely clever chicanery to remove the influence of billionaires.
Nothing has changed in the principles or human nature; only the culture, fashions, laws, power, technologies, income, and wealth distribution... and especially that nearly all of the controls have failed pertaining to the regulations of gaining and amassing excessive wealth (taxes and such), and purchasing influence (campaign finance reform, etc.). Thankfully, there is not yet an Emperor who decided to not leave after their term, so some controls on power related to government are operating as designed (but for how long?)
Revolutionary communism or similar without full control would simply assassinate one billionaire after another until they understood the message clearly: that their personal survival depends on them returning a large fraction of their looted treasure and all control back to a government independent from corporate influences.