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Slate Money
Oligarchy in the USA
Jan 18, 2025
In a gripping discussion, the hosts delve into President Biden's warning about the rise of oligarchy in the U.S., debating the influence of wealth on democracy. They also tackle the FDA's lawsuit against John Deere, exploring the right to repair and consumer frustrations with planned obsolescence. Additionally, the decline of activist short sellers is analyzed, reflecting on their role in market corrections and the changing landscape of investing. The conversation paints a vivid picture of contemporary challenges in power dynamics and consumer rights.
54:33
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Quick takeaways
- The podcast explores President Biden's warning about the potential rise of oligarchy in America, highlighting the influence of wealth on political systems.
- A significant discussion centers on the 'right to repair,' illustrating consumer frustrations due to manufacturers' limitations on repair accessibility.
Deep dives
Is America an Oligarchy?
The podcast discusses the idea proposed by President Joe Biden that America is at risk of becoming an oligarchy. The participants agree that wealth inequality exists, yet there is debate over whether a defined group of individuals, referred to as oligarchs, holds political power. While some argue that wealth has always played a significant role in American politics, others feel there isn’t enough evidence to classify the current system as an oligarchy. The conversation touches on historical perspectives and the influence of wealthy individuals on political decisions, like those relating to the TikTok ban, highlighting the blurred lines between influence and power.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode