Robert Reich

The Billionaire’s Ballroom
Perfectly Suited to this Second Gilded Age






Friends,

In the first Gilded Age, which ran from the 1890s through the 1920s, captains of American industry were dubbed “robber barons” for using their baronial wealth to bribe lawmakers, monopolize industry, and rob average Americans of the productivity of their labors.

Now, in a second Gilded Age, a new generation of robber barons is using their wealth to do the same — and to entrench their power.

The first Gilded Age was an era of conspicuous consumption. The second is an era of conspicuous influence.

The new robber barons are having their names etched into the pediments of the giant new ostentatious ballroom Trump is adding to the White House.

They already own — and influence — much of the news Americans receive. And they are eager to promote their views.

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