This is clearly heading in a direction where the USA is going to elect a huge number of socialists, who in turn are going to enact massive taxes on billionaires and break up the monopolies.[1]
This is why I think the billionaire oligarchs are literally mentally ill. They've won the entire game. They control everything. They live like gods, they twitch a pinky and millions dance.
But their response to all of this power is to seek even more of it, destabilizing the very system that has them on top. You would think self-preservation would kick in. The fact that it is not and that their greed knows apparently no bounds is going to lead to their extinction.
For a long time I thought it was hyperbolic to say so, but no longer -- the billionaires are mentally ill.
I very much doubt that. There isn't enough class solidarity to pull it off.
There will be a few who brand themselves as such. But actually seizing the means of production and handing them over to the people? -- The oligarchs will burn this country to the ground before they permit that to happen.
It would of course be lose-lose for everyone. But if a significant proportion of the population starts believing (rationally or not) that they have nothing left to lose it could be problematic.
Remember Occupy Wall Street? Back then the oligarchs were somewhat scared.
I too don't believe that GP's dream is going to happen, but the current momentum is much stronger than in the OWS days. Maybe it's less visible to some because the world has moved into online algorithmic bubbles rather than people camping in front of Wall Street. If they were more scared back then than they are now, it's not because the current momentum is actually weaker.