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In the early 1870s, extremely wealthy businessmen began to dominate vital industries and exert influence on politicians. They came to be known as the Robber Barons, and their names — Rockefeller, Vanderbilt, Carnegie — are still familiar in America today. Now, we’re in an era with an income gap not seen since the Gilded Age. @damemagazine compares then and now — rent seeking, financial panic, cronyism, assaults on labor, and state capture.
https://www.damemagazine.com/2025/02/05/were-living-in-a-new-age-of-robber-barons/
#Oligarchy #RobberBarons #GildedAge #History @histodons #Tech #Newstodon #NewstodonFriday #FollowFriday
Dame Magazine - · We’re Living in a New Age of Robber Barons - Dame MagazineThere is a huge chasm between the wealthiest Americans and the rest of us. In 2024, it came out that Jeff Bezos makes roughly $7.9 million an hour—more than three times as much as a typical college grad earns in their whole lifetime. The 801 billionaires in this country hold a combined $6.2 trillion of