That statement written in a book of that nature is quite interesting. Those billionaires have the means to create a vision of our future and use all the propaganda at their finger tips to flood the world with this fantasized future. It is already happening. The trends are to support those with all the money, so most related industries/companies are tied in to the same futuristic direction. Like it or not, that IS where we are headed.
Democratic is a loaded word for this "art" that they envision. The majority of citizens will have only choices that support the $$ trails. It is more like a plutocracy. So another way, and a way that seems more truthful is to say, "The conditions for plutocracy and propaganda are one and the same."