We’re not in a new Gilded Age in America: inequality is now far worse | Casey Michel

Today’s wealth gap is much bigger, and the country’s richest have much more power than they once did. It’s an Age of Oligarchy For many, the era of US history that most resembles contemporary America is easy to identify: the Gilded Age. It is, in certain ways, an apt comparison. Like modern America, the Gilded Age saw a small number of men tower over US politics and industry alike.

Rising atop a swell of wealth inequality, figures like Cornelius Vanderbilt, Andrew Carnegie and John D Rockefeller mixed private interests with public policy, opening doors in Washington and beyond with ease. Their model is a clear precedent for figures such as Elon Musk, Mark Zuckerberg, Larry Ellison and more. Yet the further we get into the 2020s, the more the comparison to the Gilded Age risks obscuring, rather than