Feb 6, 2026

Worth Re-reading: American Oligarchy (2024)



 Source: Mother Jones

The Russian invasion of Ukraine triggered an unprecedented crackdown by the United States and other Western nations on the mansions, megayachts, and bank accounts of Russia’s ultrawealthy tycoons. Yet targeting Russia’s oligarchs surfaced some uncomfortable questions about our own political and financial systems and the people who shape them. So we thought it was time for a good, long look in the mirror. For our January + February 2024 issue, Mother Jones explores the rise and power of the emerging class of billionaires—fueled by the monopolistic growth of Big Tech—who are remaking America in their own decadent and extractive image. Their bored whims and futuristic fantasies shape how and where you live and work, even as their own worlds are increasingly siloed off from the rest of us. Welcome to the American Oligarchy.

PART 1: Introduction 


PART 2: Hoarding


PART 3: Influencing


PART 4: Dominating


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