I'm sorry, I try to be charitable, but this guy reads like a well-written National Review comments section nutter.
I'm in the pessimistic camp too, but the quasi-Stalinist revolution this guy sees coming seems profoundly unlikely.
I think I only agree in part. If this is an accurate picture of what's going on, though, the "elite" effort is doomed, because as the pie shrinks the masses are going to become increasingly resistant to the elites wasting resources on make-work programs for their allies.
And, that question at the end? The only politician I can see that could pull off such a thing is Trump. He would do it on behalf of a different set of elites, though - ones with less structural power than the regular set. (And one could guess that the incredible hostility of the establishment elites toward Trump was caused by him threatening their gravy train.)