If you've not taken the time to read The Fourth Turning, watch this PBD interview with one of the authors who helps extrapolate it to our current societal predicaments & logjams:

https://youtu.be/EVzmKpw_ges?si=sS5QwwDcdf6449VU

Katzenberg was able to raise and burn something like $1 billion for his ultra short content platform Quibi - at a time when any rational social sentiment or data analyst saw preferences shifting to long-form content like podcasts.

He was then brought on to help raise money for the Biden campaign, and was able to raise quite a bit despite rational observers knowing Joe was non compis mentis.

The moral of the story: any time you feel yourself falling for the "elites" moniker for these insulated midwits, remember this tale and the adage about fools & their money.