The Rise of an American Oligarchy

The concentration of wealth, power, and influence among billionaires, particularly in the tech industry, is becoming a growing concern. The rise of the one percent, fueled by technology and extraordinary business profits, has led to an unequal distribution of wealth and power. These billionaires, often referred to as technocrats, invest in each other's companies, creating an interlocking directorate in Silicon Valley. Their ideal world is one where currency is untraceable and owned by cryptocurrency like Bitcoin, where people live in a virtual metaverse, and where AI controls decision-making, potentially leading to widespread unemployment. The concentration of power in the hands of these oligarchs poses a threat to democracy and social control over new technologies.