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I do not believe democracy is compatible with billionaires being able to spend unlimited amounts of money on politics.

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When you are right, you are right. The not so secret flaw in the neo-liberal project was that making the top 1 percent obscenely rich would just make them eager investors in our every growing value addded, Pareto princes. An ideology for dupes.

Democracy is also not compatible with billionaires being able to buy and control unlimited parts of our media ecosystem. (We can use competition law to break that up)

and i have my doubts as to whether civil society is compatible with billionaires having the ability to spend unlimited amounts of money on propaganda campaigns and lawsuits

I concur. I think that when a single rich human can have more influence and control than millions of their neighbors we have a problem unless that person is proportionally wise, compassionate and humble. There has never been such a person. We’ve been repeatedly warned about this but keep allowing it

“Where some people are very wealthy and others have nothing, the result will be either extreme democracy or absolute oligarchy, or despotism will come from either of those excesses.” - Aristotle writing 2,300 years ago