This whole scenario is just the logical conclusion of American anti-intellectualism. The need for intellectuals doesn't really go away, but rather we start assuming that "good at making money" = "has ideas worth listening to, on any topic." Not really surprising that many of these people are also frequent critics of academia and professors.
goes both ways. elitism exists on both ends of the spectrum. the academic side is largely the same thing except it's attained from years of schooling through certain pedagogues that tout the one true way and if you haven't been through that wringer, then your understanding doesn't count. true intellectualism, has humility and the everlasting honest pursuit for truth. neither of these extremes have this quality.
Anti intellectualism is also falling into the local optima trap of “rich people bad” that a lots of people seem to fall into. The idea that rich people have something to say is so alien that no deeper analysis is warranted.
>This whole scenario is just the logical conclusion of American anti-intellectualism.
Fawning over wealthy people has been happening for far, far longer than America has been around. This problem is by no means new at all.
It's also become a huge business, with endless "business thought leader" books and podcasts that have very little substance.
> as ideas worth listening to, on any topic.
Shoe Button Complex as coined by Buffet and Munger. I see this all the time from even mildly successful people. Suddenly the Early Bitcoin Adopter is now a Macro Economist and a Relationship Guru.