The article discusses the changing perception of oligarchy in the United States, emphasizing that it has evolved to be recognized in mainstream discussions, even by figures like President Biden. With the rise of tech oligarchs like Elon Musk, their involvement in political campaigns raises questions about the dynamics of power and governance. Historian Jeffrey Winters provides insights into how oligarchs can wield significant influence, operating not only conservatively but also in ways that serve to protect their wealth through alternative means, drawing on historical precedents. The article posits that the division in wealth is less about the 1% versus the rest, and more about the dynamics between oligarchs and the affluent class.
Oligarchs are now central to political campaigns, showing a shift in power dynamics in American politics reminiscent of Aristotle’s understanding of oligarchy.
Biden warned of a tech-industrial complex in his farewell address, highlighting the increasing influence of billionaires in American political structure.
Collection
[
|
...
]