The danger of American oligarchs

Jul 1 2025 by Fast Company

 

New Yorker staff writer and author Evan Osnos spent decades chronicling the social, economic, and political changes in China and currently writes about American politics. To understand the second election of President Trump, though, he realized he needed to understand the vast inequality in American society. According to 2024 data from the Federal Reserve, more than two-thirds of the country’s wealth is held by the top 10% of U.S. households. And the top 1% of U.S. households hold more...

Continue Reading The danger of American oligarchs