Havent FAANG companies improved the lives of the average American? They definitely did, and all these companies were created by ambitious individuals with a bold vision and prospect of making lots of money!
By taking big risks, one might ascend to this capitalist class if they succeed.
"FAANG improved average lives" is by no means a safe assumption. It needs to be very carefully demonstrated for each individual company, with consideration of the worsenings as well. The forgotten sixth, Microsoft, is probably easier to make a case for.
By taking big risks, one might ascend to this capitalist class if they succeed.