the resurgence of oligarchies: how and why they’ve returned
The resurgence of oligarchies over the past 50-60 years has eroded middle-class stability and concentrated wealth in the hands of a global elite. Factors like deregulation, weakened progressive taxation, globalization, and technological monopolies have fueled this trend. Addressing it requires bold action, including reinstating progressive taxation, strengthening antitrust laws, and supporting organized labor.