The strongest version of this narrative is that billionaires represent a systemic risk due to their unchecked power and insulation from accountability. The article effectively steelmans this by providing concrete examples—Fordlandia’s architectural folly, Southwest Airlines’ decline under hedge fund control, Gates’ misguided education reforms—where wealth enabled harmful decisions with minimal consequences for the decision-makers. It also highlights how billionaires’ ideologies (e.g., anti-union...