The moral of the story isn't really about socialism, though, but about the very real pain in store for American households from the bond market if the actually-in-charge capitalists don't get their act together.
—
Matt Peterson,
CNBC,
18 Aug. 2026
What’s interesting to me, though, is every generation since the original countercultural capitalists—the baby boomers—has expressed some version of this antipathy.
Not to mention a conga line of billionaire tech, real-estate, and finance plutocrats paying feasance to a faux populist in exchange for contracts, pardons, and sundry favors.
The entrepreneur’s efforts secured him a place on the list of the Philippines’ 50 richest in a challenging year when a weaker peso took a toll on the total wealth of the country’s tycoons, which shrank 8% to $79 billion.
—
Naazneen Karmali,
Forbes.com,
7 Aug. 2026
That has created mounting public resistance as tech companies concentrate historic levels of wealth in the hands of a select group of tycoons.
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