Americans have exerted control over their society before, of course. It's usually through embarrassment of the people in power, with an implied capacity for violence waiting in the wings.

"So, why not now?" I dunno. Something about temporarily embarrassed trillionaires. Everyone seems afraid to dole out the kind of humiliation that would change elite behaviors, under the mistaken impression that what we're dealing with is not just "a tough job market" or "adulthood" or whatever, but our own measure of unnecessary (but politically effective) humiliation, drizzling down from on high.