Very interesting to consider, and there's probably some truth here. Correlating "rich person behavior" with the drug of choice in various decades certainly feels right, though I'm not sure you can actually draw a causal link.
One thing that's incorrect is that modern billionaires are more altruistic than their historical predecessors, and less likely to engage in conspicuous consumption. That's quite incorrect. Musk and Bezos own plenty of yachts.
Modern billionaires also seem far less interested in donating to the general public good "out the door"... the trend these days is to form massive foundations for tax purposes, but still hold the reins pretty tightly to make sure we don't just do something as simple as building a public library or something that might let the money end up in the hands of the undeserving.
And the counterexamples are also counterexamples to the pattern in the article... Gates gives a lot of money away, for example, but he's also not the poster boy for T supplementation and aggressive business practices at this point.
One thing that's incorrect is that modern billionaires are more altruistic than their historical predecessors, and less likely to engage in conspicuous consumption. That's quite incorrect. Musk and Bezos own plenty of yachts.
Modern billionaires also seem far less interested in donating to the general public good "out the door"... the trend these days is to form massive foundations for tax purposes, but still hold the reins pretty tightly to make sure we don't just do something as simple as building a public library or something that might let the money end up in the hands of the undeserving.
And the counterexamples are also counterexamples to the pattern in the article... Gates gives a lot of money away, for example, but he's also not the poster boy for T supplementation and aggressive business practices at this point.