Elon Musk has become the world's first trillionaire, with the IPO of his company SpaceX. He is a symbol of how the United States has become an oligarchy, where elections are bought by rich elites and large corporations, and extreme wealth is concentrated in a few hands. Ben Norton explains.
Topics
0:00 Elon Musk, world's first trillionaire
0:50 Oligarchy
1:54 SpaceX IPO
3:06 SpaceX is losing lots of money
4:13 Wall Street changes the rules
5:39 Trump coin pump and dump
6:14 Reasons to avoid SpaceX
7:04 Musk: symbol of US oligarchy
8:45 Wealth concentration
9:55 Gilded Age & robber barons
11:13 Money wins US elections
13:06 Elon Musk funded Trump
14:52 Larry Ellison buys up media
17:14 Capitalist class
18:19 Progressive Era
19:27 Great Depression & New Deal
20:08 Golden Age of capitalism
20:59 Tax rates
22:08 Tax burden shifts onto workers
23:24 Billionaires avoid taxes
24:34 Neoliberalism
25:18 Financial crisis & QE
26:54 Neofeudalism / technofeudalism
28:27 Artificial intelligence (AI)
29:24 Universal basic income (UBI)
30:50 Nationalize Big Tech
33:04 China's alternative
33:58 Outro
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