I just reread this book recently. It's especially funny because when the protagonist arrives there, and sees the Eloi doing nothing but eating fruit, frolicking, and sleeping in big puppy piles, he's like "ah, so the communists won..." Which I thought was kind of woke for the time.
Anyway, it's funny, because when you think of it, the ultra rich do get to live in a kind of exclusive post-scarcity society, based on theft and exploitation.