America’s Love Affair With Billionaires

Elon Musk

Why do Americans shower their billionaires with a level of adoration normally reserved for deities and saints? I think back to the Medicis and the Borgias during the Italian Renaissance. As J. H. Plumb wrote, “Commercial capitalism, struggling the the framework of feudalism, learned, through Italy, not only how to express itself in art and learning, but also how to make an art of life itself.”

Not so today, however! Donald Trump has given us golden toilet bowls, ornate golf courses, and tried to take away our democracy. Elon Musk managed to convince thousands of Americans that he was a genius—until he spent $44 billion buying Twitter and running it into the ground. After his latest anti-Semitic tirade, I think even most Tesla owners are rethinking their allegiances.

I cannot think of a billionaire today who has done anything but engage in self-aggrandizement. Instead of a Renaissance, we are now in a period that can only be described as Anti-Renaissance.

What ever happened to patronage of the arts? Oh, it still exists at the millionaire level; but not among the Trumps, Musks, and Bezoses of this world. The think the last billionaire to show any moves in this direction was Bill Gates of Microsoft fame.