How Billionaires Are Rewriting History and Democracy
In the Gilded Age of the millionaire, wealth signified ownership. The titans of old built railroads, monopolized oil, and bought their indulgences in yachts, mansions, and eventually, sports teams.
A franchise was the crown jewel: a visible, glamorous token of success.
For example, Elon Musk, who recently defended himself against a class-action lawsuit that alleges he misled Tesla shareholders with a tweet about an aborted buyout.
He defiantly insisted he could have pulled off the buyout, had he wanted.
This behavior is characteristic of the billionaires of today, who are rewriting history and democracy in their own image.
Author's summary:
This article explores how billionaires are reshaping democracy and history.