That site seems to be down. https://web.archive.org/web/20241223232809/https://americanaffairsjournal.org/2021/08/the-value-of-nothing-capital-versus-growth/

And in today’s America, that would require extraordinary and unprecedented magnanimity on the part of the oligarchs.

“In today’s America” nothing: the oligarchs wrote the constitution over two centuries ago, so their ascendancy is baked in.