Comment by TheOtherHobbes
4 months ago
In tech it was the switch from creative corporatism, which is focused on opportunities, invention, and infrastructure, to extractive corporatism and oligarchy, which are focused on scams, exploitation, and the creation of rigid hierarchies of privilege.
We're now in the end stage of the latter in the US.
The US still plays at invention - or rather a few of its oligarchs do - but it's far, far behind what's happening in other countries.
Honestly this sounds like a narrative in your head a lot more than something that is happening in actual reality.
The US doesn't have oligarchs except maybe Alex Karp.
Oligarch is a specific thing with a specific meaning.
Bezos, Ellison, and Zuck combined have over $1 trillion in net worth.
That alone places a combined 3 people with more money than the GDP of all but 20 countries.
And they are not oligarchs because that's not what that word means.
Also, "net worth" is not "money". Shares of a company aren't money.
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