Everything about CEOs is like a monarchy. Wealth inheritance in business families like the Waltons? Just the capitalism version of royal heirs getting their throne. Presidents? They don’t run jackshit ever since money got into politics

America is back in the era of kings, and arguably a worse one

  • AbouBenAdhem@lemmy.world
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    2 days ago

    When we think of kings we tend to think of their late medieval/early modern European incarnation, but that was a bit of a historical anomaly—the end stage of a thousand-year-long process of the monarchy being captured by the aristocracy. But the aristocracy was the older institution of the two, and the more malignant.

    In ancient times kings were generally opposed to aristocrats, drawing on popular support to curb the natural tendency of the aristocracy to extract so much wealth from the lower classes that violent revolutions would result. (Think the Roman Republic, where wealthy senators were terrified of a popular leader becoming king and eliminating the Senate.)

    So it’s not that CEOs are becoming kings—it’s that plutocrats are subverting yet another in a long line of institutions designed to contain them.

  • ZephyrXero@lemmy.world
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    1 day ago

    They detached their power from land, with corporations and stock portfolios replacing their kingdoms

  • bridgeenjoyer@sh.itjust.works
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    2 days ago

    Its worse now because by design, its tricky and secretive and they can kill us actively and we can’t touch them.

    I’ll go back to king days when you just needed a group of buddies with some arrows and a plot.

    • zarathustrad@lemmy.world
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      2 days ago

      The olde money / smart ones stay under the radar, but there are not that many of them and technology is making it hard to stay anonymous.

      Sure would be a shame if a bunch of poor people with nothing to lose started looking into those facts more deeply. You know, instead of burning down their own stuff and fighting militarized local law enforcement, go to the source.

      Work smarter not harder.

  • Malica@lemmy.zip
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    1 day ago

    It was covert before, but definitely still an oligarchy. At least since citizens united.