The Silicon Valley Bros of their time

On page 141 of The Age of Reform, Hofstadter quotes Progressive journalist Henry Demarest Lloyd as saying:

Our great moneymakers have sprung in one generation into seats of power kings do not know.  The forces and the wealth are new, and have been the opportunity of new men.  Without restraints of culture, experience, the pride, or even the inherited caution of class or rank, these men, intoxicated, think they are the wave instead of the float, and that they have created the business which has created them.  To them science is but a never-ending repertoire of investments stored by by nature for the syndicates, governments but a fountain of franchises, the nations but customers in squads, and a million the unit of a new arithmetic of wealth written for them.  They claim a power without control, exercised through forms which make it secret, anonymous, and perpetual.

This reads like a condemnation of the arrogance of hyper-macho Silicon Valley types talking about disruption.  All of this has happened before and will happen again.