Comment by TheOtherHobbes
18 hours 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.