Are We Now a Broligarchy?
If Trump’s nominees are confirmed, his administration could include at least 13 billionaires, collectively worth $383 billion. And at the inauguration, billionaire tech leaders like Jeff Bezos, Elon Musk and Mark Zuckerberg sat front and center signaling their proximity to power. Wealthy people joining the government is not new, but the levels of extreme wealth are unprecedented. So much so that in his farewell address, former President Biden warned that “an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy.” Pundits have…
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