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I think it very remains to be seen if the a-national plutocrat class can effectively insulate themselves from the fate of their flunkies, and of the common rabble. They only need a small group of middle class followers (technicians, musicians, artists working in symbolic archaic media, doctors) to keep the fed, watered and entertained. I see no indication that volunteers for this role will be difficult to find. They'll move them to the space station or a custom Diamond Age island in the midst of the sea, if necessary.
The reference to Diamond Age was more a allusion to delusions of the elite rather than a prediction of any sort. If I were to predict, I'd be thinking more Snow Crash, or else, par preference, All Tomorrow's Parties.
Meanwhile, if the rich can't build diamandoid islands, they can buy Paraguay. Or London. Or Dubai, more likely, which is a fabulous example of what these people in fact have in (what we may as well call a) mind. A totally artificial slave state built on foundations of sand and artfully situated by the rising tide.
