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It does really appear that America's getting her own, homegrown oligarchs.
by StefanBatory 2y ago
It does really appear that America's getting her own, homegrown oligarchs.
- NoGravitas 2y agoWe've had them for a long time; basically the only time we've tried to reduce their power was the Great Depression and post-WWII era, but since the 70s we've been letting them off the leash.
- entropicdrifter 2y agoCorrect. 10/10 summary
- ceejayoz 2y agoCarnegie, Vanderbilt, Rockefeller... we've had them.
- paulryanrogers 2y agoThey've mostly kept a low profile since the Great Depression though. And plenty would be oligarchs were taxed out of the upper class by the WW2 tax brackets.
- etc-hosts 2y agoThe families that lost their wealth in the Civil War and the families who had to pay a little more tax because of the New Deal and the people still mad about LBJ era civil rights legislation have all banded together.
- ChrisRR 2y agoAmerica has had oligarchs for a very long time. The government is very much in the pocket of big businesses