Rise of the Super Rich are quite possibly today’s Gilded Age Robber Barons.
Much like Vanderbilt, Carnegie, Rockefeller and JP Morgan, today’s tech giants like Amazon, Facebook, Apple, & Google have amassed incredible wealth and we look upon them, for the most part, favorably. Yet, their growing dominance is giving rise to a trend we should be wary of. For instance, Facebook has a mountain of data on our personal lives, and while it doesn’t produce any news, news organizations are very dependent on social platforms like it and Twitter. Amazon has acquired Whole Foods and dominates the book market. Apple doesn’t produce music, but the the music industry is highly depend on Apple.
Most of us are happily dependent on these platforms as well, but the question is: Should we be? An old proverb states: The way the arrow is bent, is how it flies.