Of course, billionaires are unpopular even in the US. Yet, as sparsely attended at that (earnest!) pro-billionaire protest in San Francisco was, I find it totally unimaginable that that could happen anywhere outside the US.
The site may feel less changeable than many, but I would be very surprised if it is not "in-development".
mftrhu is probably correct in attributing the origin of the analogy but I don't specifically remember where I got it from and I think some of the examples EY gives in that essay would be uncalled for to apply as a direct analogy to HN. HN was never a doomsday cult and I'm not even trying to say that all of the smart and reasonable people left HN, but rather that there was a specific attitude and mentality that's not well represented here anymore.
[1] This is oversimplified. Classic HN still had lots of people complaining about big tech companies, it's just that the criticism was usually voiced from the perspective of another founder rather than from the perspective of a progressive critic. For instance, I remember lots of complaints about Apple's arbitrary and capricious App Store policies, but then that directly affects the startup founder who wants to build an iPhone app.