> This has been going on since I've been alive to witness it.

Modern billionaires have more wealth (adjusted for inflation) and therefore more power than any human being has ever had before in history.

Do you like feudalism? Because that's how you get feudalism.

You're right, we've previously had enormous power concentrated in few hands. And it resulted in such a terrible society that we spent a century fighting wars to build a better system. And Thiel et al want to bring us right back to the old way, and they might succeed.