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 has been involved in a class-action lawsuit, alleging he misled Tesla shareholders with a tweet about an aborted buyout.
Elon Musk defiantly insisted he could have pulled off the buyout, had he wanted.
Billionaires like Musk are redefining the relationship between wealth and power.
Author's Summary
Billionaires are redefining wealth and power, rewriting history and democracy.
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